Dollar Testing Key Support

You would think the dollar would be stronger if the U.S. economy is starting to gain some traction, no?  Then again,  this from Paul Tudor Jones,

Friday last week was one of the greatest days that Paul Tudor Jones can remember in macro trading as economic data (jobs numbers) were very strong , yet bonds closed up. He asks how can anyone possibly think/predict that bonds would close up on that day? This just goes to show that what’s obvious in macro is usually wrong.

May6_Dollar

(click here if chart is not observable)

This entry was posted in Dollar and tagged , . Bookmark the permalink.

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.