Us dollar is too strong for its economy. We know it isn't it when the jobs data disappoint. Economists may argue that the inflation is high, which justifies the high dollar. But if you have been seeing articles from coca cola and Walmart, they have been saying that their input prices are coming down.
Anyway, if there is still high inflation, I do expect that a huge part of it pertains to the decoupling of Us and China economy as Us moves away by importing less from China. This in a way will not help Us middle class as all middle class in the world need affordable food, goods, etc. Middle class do not want to slog away their lives and not having a decent life and even paying for decent food and good become a luxury
I do expect USD to come down though this is a tough call in terms of timing. Timing call is difficult to get precisely right and I have been wrong in terms of timing on USD for a coue of times now.
Now, I will just patiently wait and I do believe that when USD weakens, rmb may go back up but whether is this good for china will be another assessment.
China does need good companies like Tiger Brokers on its route for a more liberal capital account #Tigr #upfintech #TigerBrokers
As always, this should not be construed as any investment or trading advice.
$Tiger Brokers(TIGR)$ $Tesla Motors(TSLA)$ $Robinhood(HOOD)$ $NVIDIA Corp(NVDA)$ $Microsoft(MSFT)$
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