Monday, 26 October 2009

The dollar made the bearish

The dollar made the bearish break to new lows for the year last Monday, but it was not catalyzed by any specific fundamental driver nor supported by a meaningful trend in risk appetite. To reverse the currency's fortunes and potentially change its future, a true bull trend requires an underlying fundamental driver, meaning either a break the dollar's ties to investor sentiment (as a safe haven currency) or a collapse of risk appetite.

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