Axel Merk Quotations

Overall, I don't see much structural change, and don't see how the dollar can get much relief from these numbers.

Every day, foreigners need to acquire more than $2 billion in U.S. dollar denominated assets -- soon $3 billion -- just to keep the dollar from falling. This can be done through the purchases of U.S. bonds, or by buying assets outright.

The dollar rally of recent weeks may have stalled today.