Tag Archives: yuan

Friday Focus: It’s The Dollar Stupid

Today's job report came in much better than expected, but what has continued to go as expected is the US Dollar's rally.  While the jobs report today changes the mindset of market participants concerning the Federal Reserve's stance on interest rate policy, the fire for continued US dollar strength was already ignited.   Today's report  merely fanned the flames.

Just a few weeks ago the US Dollar was coiling up to spring to new highs, it did not disappoint breaking swiftly out of this beautiful pennant formation:

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