Disliked{quote} Its the asian session, only the asia players (which is little compare to the Euro and UK players) are in play. It is not surprising to see USD strengthen on the bad AUD data. The reason could be many, such as people exiting their carry trade or the change in the DXY index.... etc. However I feel its only temporary, the real move will probably come later. I am still not convinced by the USD strength if any fundamentally FED cant do rate hike and balance sheet unwinding at the same time. That will kill the world economy, and it will probably...Ignored
Lol the term symmetric was in fact quite hawkish hence why the longs rescinded shortly after the minutes as the market digested the langue. Unfortunately traders can be too trigger happy to make pips. I woke after those minutes were released and was 100% confident the dollar would regain strength.
The dollar deserves to be strong due to having a hiking cycle, good yields etc