3 REASONS THE DOLLAR’S DECLINE WILL CONTINUE

"The largest tailwind for the commodity bull market is set to continue according to FX analyst Kit Juckes at Societe Generale. Juckes believes the Euro is headed back to 1.55 EUR/USD:

“When the dam breaks you get washed out. Taking out position concentrations is a favourite sport in a range trading environment and the world is certainly heavily USD short. As the Fed stays on hold more than is currently expected, EURUSD is likely to once again overshoot and head for 1.55, the top of our now higher EURUSD forecasts.

Juckes sees the current dip in EUR/USD as a buying opportunity as the Fed is likely to remain tight, the German economy strengthens and the European sovereign debt crisis doesn’t cause any significant economic disruption:..."

at http://pragcap.com/3-reasons-the-dollars-decline-will-continue