USD: a sudden plunge for a quick pick-up!
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The US dollar slid significantly today against most peers – that was mostly a reaction to the shifts in the US Treasuries.
EUR, CHF, JPY, AUD, GBP, CNH – all these currencies took advantage of that and moved in the direction corresponding to the weakening US dollar. However, that’s not likely to be a long-lasting trend – very probably the US dollar will take back the losses, at least to some extent.
That’s why it may be a very interesting buy-cheap-dollar mid-term opportunity.
