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.
CLICK ON CHART TO ENLARGE
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?
