14 October 2016 at 13:02 GMT
A strong dollar will have a negative effect on US growth and global activity, says Saxo Bank's chief economist Steen Jakobsen.
However, the strong dollar is currently putting pressure on currency deficits and that's why Jakobsen is short South African rand, Turkish lira and Canadian and Australian dollars.
And the likelihood of a Federal Reserve rate hike in December and money market reform currently underway puts further upwards pressure on the greenback.
Jakobsen says that it is a rule of thumb that a strong dollar will lead to US recession and he believes we will see that in the first part of 2017. At that point, Jakobsen believes that we will see a massive weakening of USD.
Read more of Jakobsen's views on USD here