Dollar Bounces

The dollar bounced nicely over the past two days, mainly on Mario Draghi’s talk of easing in June. The Dixie regained its 9, 21, and 50-day moving averages in Friday’s trading.  Let’s see if it can gain some traction.

It should given the economic and monetary fundamentals, but what is obvious in macro is usually wrong.

 

May9_Dollar(click here if chart is not observable)

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