Forex: Dollar Posts Third Four-Day Rally Since Bull Wave Began
Dailyfx | Jan 29, 2013 06:11AM ET
Though its recent gains have been particularly reserved, the Dow Jones FXCM Dollar (ticker = surprise trade surplus for December; but true trend awaits a bearing in risk appetite.
Australian Dollar: Is the High Yield, ‘Reserve’ Currency Losing Interest?
Risk appetite trends in stimulus-supported markets (like equities) is outright bullish while the same sentiment in the more market-defined areas (like the Risk-Reward Index) are steady. Yet, we have found the Australian dollar maintain its easing cycle. Interest rate expectations are softening, but not materially. This weakness indicates something else – possibly the outflow of ‘reserve’ capital back to areas like the Eurozone.
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