Because of the widespread expectation that the Fed will cut rates, the Dollar has hit a 15-year low.^*

This is the conundrum that I’ve mentioned earlier. If the Fed cuts rates, it pushes the dollar down, driving up the cost of imported goods, and hence inflation, and if it doesn’t we see the economy tank.

The dollar is unsustainable high. It’s probably still got at least 15% to fall against the Pound and Euro, and likely 30-50% against the Yuan.^†

^*Basically, low interest rates send foreign money looking for places with higher return on investment.
^†This is just my wild assed guess, based on nothing by my gut.