A Weaker U.S. Dollar in 2020? This chart suggests that the U.S. dollar could decline this year, as long as the Fed keeps pumping money into the banking system. Image: Fidelity Investments

U.S. Dollar Liquidity vs. EUR/USD The inflow of U.S. dollar into the financial system should continue to grow this year and tends to support the euro against the US dollar. Image: Saxo Bank

U.S. Dollar and the Big Mac Index The latest Big Mac index suggests that the U.S. dollar remains overvalued against most currencies. Image: The Economist

U.S. Dollar Liquidity vs. MSCI World U.S. dollar liquidity should continue to grow this year and support global equity markets. Image: Saxo Bank

MSCI Emerging Markets Relative to the U.S. and U.S. Dollar Historically, a weak U.S. dollar tends to be good for emerging markets relative to the U.S.. Image: Datastream, J.P. Morgan

U.S. Dollar and Trump Job Approval Poll Average (Leading Indicator) This chart suggests that the U.S. dollar could rise, if it continues to track Trump’s approval rating. Image: Jeffrey Kleintop

U.S. Dollar Smile: Dollar Appreciation and Depreciation The U.S. dollar smile suggests a weaker dollar by the end of 2020. You may also like “U.S. Twin Deficits (% of GDP) Lead Real Trade Weighted Dollar Index by Two Years” and “U.S. Dollar and Relative Growth (GDP Spread).” Image: Nordea and Macrobond

EUR/USD One Year Historical Volatility (U.S. Dollar and Euro) 2019 is a record low volatility in EUR/USD since 1999. Image: Oxford Economics, Macrobond

U.S. Dollar and Euro – EUR/USD Forecast Investment banks expect the dollar to weaken against the euro in 2020. Image: Financial Times

U.S. Dollar and S&P 500 vs. MSCI World ex-U.S. BofAML suggests that the outlook for the U.S. dollar remains bullish into 2020, but if the S&P 500 is to top out relative to the rest of the world, then the U.S. dollar would likely weaken. Image: BofA Merrill Lynch Global Research