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The US dollar is crumbling: A squeeze or something fundamental?
is this a squeeze or something fundamental? The US dollar is sinking fast today with USD/JPY 160 pips below the intraday peak of $147.36. The dollar is similar weak elsewhere and has just hit an air pocket in EUR/USD in a quick move to the highs of the day.The answer to the question, I think, is...both.It's clear that market participants have been piling into US dollar as yields looked to break out and both Europe and the commodity block was showing signs of an accelerating recession. What's cha...
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Posted: Aug 29 2023, 19:32
Author Name: forexlive
Views: 111627