We at FxWirePro have been short on the dollar for quite some time now and in terms of profits, it has been a very successful one. We were able to book a profit of more than 10 percent. Here are links to some of our stories on the dollar from the past,
http://www.econotimes.com/FxWirePro-Dollar-likely-to-decline-by-more-than-5-percent-630175
http://www.econotimes.com/FxWirePro-Call-Review-Dollar-index-target-extended-from-95-to-93-723907
The index did reach our extended target at 89.7 and beyond and in our latest call review, we suggested that according to our calculations, the green buck likely to decline another 10-11 percent, here is the link, https://www.econotimes.com/FxWirePro-Call-Review-Maintain-short-positions-in-Dollar-index-targeting-another-10-11-percent-decline-1152931
However, since that review, the dollar index has performed well, riding on rate hike speculations. The market is looking to price the fourth hike in 2018. As of today, the market is attaching 32.5 percent chance of a fourth rate hike in 2018. As this number moves higher, we expect the dollar to do well. The probabilities likely to register major movements after the March Fed meeting.
