It's looking like traders are waiting for the currently rally in
the US dollar to fade or reach a ceiling before committing to
further long stock trades.
--
CBs led by the USFed would have likely intervened in July to
place a floor on the Euro @1.20/USD. Since the beginning of
September, have they been reducing Euro holdings (selling into the
Euro rally) for a tidy profit?
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USD & Stocks
Posted by rixx on 24th of Sep 2012 at 10:46 pm
It's looking like traders are waiting for the currently rally in the US dollar to fade or reach a ceiling before committing to further long stock trades.
--
CBs led by the USFed would have likely intervened in July to place a floor on the Euro @1.20/USD. Since the beginning of September, have they been reducing Euro holdings (selling into the Euro rally) for a tidy profit?