Tuesday 2 August 2016

US dollar fade out lines

The US dollar is going deeper down,
along with the poor GDP noticing,
the dovish Fed’s spelldown
and against the plethora of G20 under performing.

The clock is ticking some couple of tocks
and markets will re-estimate next Fed’s knocks.

Chipping around, kicked by EUR’s rally towards 1.12 mark
where EUR/USD pair more than a month couldn’t park.
RBA failed to weaken the Australian dollar
and the yen was seen in a new fresh 3-week spur.

These are the days – it never rains but it pours.
Circumstances laugh under the pressure the USD is cracking.
US dollar index as well regrettably sours
and in 3 months the biggest fall is posting.

Over the greenback the shadow grows, but shall it leave broken pieces to this priceless ballet?

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