Saturday, 16 May 2015

Five weeks down for King Dollar

The USD saw a fifth consecutive net weekly decline, -1.7% @ DXY 93.29. There remains high threat of a 1-2 week bounce back to the 95/96s, before a further wave lower to 90/89 this summer. The broader hyper-upside target remains the 120s.. but that is clearly unlikely this year.

USD, weekly

USD, monthly'3


*USD is now around -7.5% lower since the March high.

Its been a tiresome week... I'll leave it at that.

Goodnight from London

*the weekend post will be on the US weekly indexes