Day Of Reckoning Looms For The U.S. Dollar

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From The Financial Post:

The U.S. dollar's day of reckoning may be inching closer as its status as a safe-haven currency fades with every uptick in stocks and commodities and its potential risks - debt and inflation - are brought under a harsher spotlight.

Ashraf Laidi, chief market strategist at CMC Markets, said Wednesday a "serious case of dollar damage" was underway.

"We long warned about the day of reckoning for the dollar emerging at the next economic recovery," Mr. Laidi said in a note.

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My Comment: I have seen my Canadian dollar holdings (I am a Canadian citizen) go up by 10% in just the past month. Hmmmm .... something is afoot.....

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