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USD support warns risk-rally
Between March 23 2020 and January 5, 2021, the US dollar index (greenback versus the Euro, Yen, Pound, Cdn$, Swiss franc and Swedish krona) fell 13.2% to test long-term support in the $89 area as shown below in my partner Cory Venable’s chart of December 31, 2020. chart As the dollar fell, risk-assets on the other end of the global teeter-toter rose and dollar bears became ubiquitous with traders and asset managers the most dollar-short coming into January since 2006, as shown below. charts When everyone agrees, something else tends to happen, of course, and since January 8, while the dollar index has quietly ... (full story)
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- Feb 2, 2021 3:09am Feb 2, 2021 3:09am
- AnniLi
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Old Dog Kiwi
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I am like the salmon- i have to go against the stream