Where does the US Dollar go from here?

[heavenskrow]

It seems the consensus among top traders like PTJ and Druckenmiller is that gold is going to go up with dollar falling.

Technically it is also setting up to be that way...and I am in the same camp.
China has recently started to shift away from the petrodollar and started playing with the idea of petro-yuan being backed by gold.

 

[zdreg]

The US Dollar is a race to the bottom with the Euro.

 

[nooby_mcnoob]

Relative to what?

 

[zdreg]

Relative to what?

ruble and some asian currencies

 

[Ilgan]

Frankly speaking, currently I have no idea where dollar will be next month. It is moving in up channel for some time, but it seems more like the market is not quite sure in which direction to trade. I also think that there might be possibility for USD to go down in the coming months, but not sure