Dollar is ‘running with the Bull’s’

The USD is ‘running with the bull’s’ this morning. Nothing ‘new’ has warranted their actions. Capital markets expected no different from the Fed, despite them being slightly more upbeat, Greece downgrade did not blindside the market (Ireland next perhaps?), but asset class prices have moved so violently and swiftly creating all sorts of havoc. The illiquid holiday season has compounded the dollar’s ‘violent’ move. Finally we have broken through some major suspect support levels for G8 currencies. Is the ‘reserve’ currency move sustainable?

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