Will the dollar be getting stronger in 2010?

In this video the USD dollar ‘carry trade’ is discussed, Denis Gartman speaks to Reuters about the belief he has that When the massive dollar carry trade unwinds, the greenback will shoot up.

The USD has been in the doldrums for several quarters now, trading in excess of $1.50 for some time. Denis thinks that the trigger will be something whereby we see three big steps in a short amount of time, a second wave of a ‘flight to quality’ if we get a second dip in the world markets could be the vector or anything else really. The point isn’t that it will happen on a certain date, merely noting that the current USD valuation is subject to rapid strengthening if further issues affect the markets.

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