Wondered if anyone had insight on this, can't really seem to find an answer. I know the Bank of Canada just increased the prime rate is that a correlation?
Why is the USD getting hammered lately?
- Thread starter OptionsKyd
- Start date
Thanks for the info!
Where is the causality ? and correlation kinda weak though.
My answer: Yellen is fagoting this.
She threw at us all the hawkishness which sent the USD Index roaring and now is clawing back because of 2 or 3 bad inflation prints. So since last time we had an inflation print it also missed the mark it went down again.
in my experience, over the short run; Currencies are mainly driven by the real rates differential net of hedging costs.
It's just inflation, is all... We've now had a run of 4 weak(ish), disappointing core prints, which may cause the Fed to pause.
here's a good short term trade: Long USD/EUR for a 1 to 2pc move
we wont know its good until you win or get stopped out
i'm keeping track of it on a paper acc.
Look at the chart provided in post #3. Keeping one eye closed and the other shut and with a lightning fast look at the chart, no more than a 1-sec. glance, how many waves up do you see?
5
After 5 waves there is always a correction. This is bull markets 101.
Relax, KING Dollar has a long way north yet. He's already torn a new one for everyone out there who doubted him in the 8-yr drop into March 2008.