Last week I shared that the Dollar looked to be trapped inside of a trading range and should start to move lower due to key resistance. See chart below (see post here) This situation suggested that so called “risk trade” positions could do well.
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Since the Dollar hit key resistance a sizeable and swift decline has taken place. See below for an update to the key action in the Dollar and Euro.
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In the past a higher Euro and lower Dollar benefited international equities, commodities and U.S. equities as well. This time any different?