Today the US dollar plunged yet again after Janet Yellen's testimony following Jackson hole.
In what was supposed to be a highly anticipated speech coming from Janet Yellen regarding monetary policy, well, we got basically nothing with regard to her stance on monetary policy moving forward and this hit the dollar hard.
The US dollar is in a downward spiral for as far as the eye can see. So in simple terms, again as I have been talking about for months, get away from the dollar, seek dollar alternatives, because in my opinion the Federal Reserve is stuck-and has no choice but to continue to punish the dollar for the foreseeable future.
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Gregory Mannarino @marketreport
