Once Congress finally raises the debt ceiling, puts a plan through to cut the deficit, and shows the world the US can handle its business… we’re sure to see the US Dollar jump higher! The selling in the greenback has mainly to do with the debt crisis squabbling.
Now once this short term problem is fixed, we’ll see the US Dollar regain its rightful place as a safe haven currency.
I think it’s a great time to be a US Dollar buyer. While everyone is selling, you can buy the world’s reserve currency on the cheap. When the rebound happens, you’ll bank a nice profit!