What Happens Next?

The USD (DXY Weekly Chart above) has been a hot topic in the news, and certainly a major player in the current volatility of global capital markets.  The continued printing of additional dollars, the outright purchase of their own treasuries, the continued deterioration in long yields, the lack of strong evidence that a return to growth is organic and sustainable, continued deterioration of RE and CRE prices, and a general global currency valuation challenge - there are many reasons to consider the dollar is/should be/will be dead.  

And the VIX looks like it wants to test the April 12 low @ 15.23 (VIX Daily Chart above).  On the eariler chart, the weekly USD (shown as DXY) shows a higher low which has the appearance of a bounce and another up cycle - though a higher high is still needed to improve the probabilities.  I have continued to read both sides of the argument, including blog commentary referencing a target of 80, and then even possibly 90.  I felt equally suspicious of such claims when the EUR was at 1.19 and my sources were saying watch out 1.40 - here we come.  And presto.  Only time will tell.