USD – The dollar eased against a basket of currencies on Monday, pulling back from the 1-year high hit last week, as traders looked to US jobs data at the end of the week for clues to the Federal Reserve’s next move. Fx analysts at Jefferies note that “Nonfarm payrolls will be the big focus for markets this week… Will the Fed read negatively to a 300k print?...
Dollar is the WORLD'S EXCHANGE CURRENCY, ie the King... but it's a disputed King in our times. So, what will happen next? Nobody knows for sure So let's examine what has happened recently: Price broke under support twice before (third time now could be a charmer). The last 2 times this happened, the Federal Reserve and Janet Yellen would come out with HAWKISH...
They keep printing it... but it keeps rising The dollar reminds me of the experiment done on Wolverine, pumped him up with lot's of Adamantium until he became a beast. So here we go we have tons of new dollars but they are heavier than most would understand. Fed-men Apocalypse, the rise of the mighty X-dollar