As much as we'd like to embark on the sell-USD bandwagon as early as possible, we think it is yet best to wait. Studies showing USD weakness starting 3-4 months before Fed rate hikes sound astute and clever, but they're based on average movements and serve as poor guides for swing traders. They will not help you anticipate corrections or pullbacks in current USD weakness. But as the charts below show, there are trends, countertrends and much signaling inside the noise. 

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