Intraday Market Thoughts

US Dollar: Time to Worry?

by Ashraf Laidi
Aug 8, 2013 17:47

4 weeks ago, the USD index was at 3-year highs, metals licked their wounds from the biggest decline in decades and the US growth story stood out in the headline. The Fed was considered the only major central bank capable of scaling down its quantitative easing, while the ECB mulled cutting interest rates to zero. The greenback was boosted by a powerful combination of fundamental and technical moving in tandem. What changed and how far will it go? Charts & Analysis

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US Dollar: Time to Worry? - Usdx Aug 8 (Chart 1)


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