The market had bought quite a few dollars back in the last few days and it didn't find a solid reason to continue that process.
The market had bought quite a few dollars back in the last few days and it didn't find a solid reason to continue that process.
It doesn't really tell us a lot about where we are heading in the first quarter. We doubt this will have much of an impact and once we focus again on recent data, the dollar will probably climb a bit higher.
The European Central Bank is widely expected to hike rates this Thursday. Cyclical support for the dollar may be starting to soften a little bit.
Short-term positions have been squared up a bit ... but now is not the time for a sustained yen rally.
© 2020 Inspirational Stories
© 2020 Inspirational Stories