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22 September 2020
4 min read

Where's the dollar strength going to come from?

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Equities have had a bounce!

There's maybe some technical reasoning here.

The 100 daily exponential moving average has shown some support.


I'd argue though that it's more to do with weakness outside of the US and a forced rotation into US equities after the threat of more lockdowns and the financials facing weakness yesterday saw broad weakness on European bourses.

But I want to focus on USD here since, in my view, starting from what the dollar is doing is the most important aspect of taking a top down approach to markets.


Above is the dollar index -

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