Last Friday, the dollar index climbed to its 20-year high. The last time we were here was in December 2002. The dollar is trying to recover slightly to 103.00. The US Federal Reserve will raise interest rates by the end of this year more than expected just a month ago. Such a move could further strengthen the dollar after such forecasts. For now, the dollar is a real pullback, and far below the trend line, it is realistic to expect to approach the bottom line.
