Oil and The Slipping US Dollar

The Indian Rupee is at a 9 year high against the US Dollar

The US Dollar is so weak that even tiny Israel has seen their currency - The Shekel - rise to 15 year highs against the US Dollar. It can’t be oil, Israel is the only country in the region without it.

While most of the world’s currency are rising sharply against the US dollar, the Chinese Wan stands relatively still.

The Slipping US Dollar - Howard Lindzon