USD is in a corrective trend as it is getting attracted into the demand at the 109.500 handle, there are talks today of a possible Intervention on CNH from the Bank of China following the intervention from the BOJ that we saw towards the end of last week.
If China do intervene then we should see a bearish move on the dollar and a positive reaction on risk. Which does correlate nicely with the technical side of things in regards to current PA - this does not change my overall bearish narrative on risk assets but something to think about in the short term.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.