The Dollar Breaks but it is Not Broken
Marc Chandler
December 06, 2020
The dollar's decline accelerated and broadened last week. It convincingly broke out of its recent ranges. Tactically,
we did not expect the sustained break ahead of the December 10 ECB meeting,
where the central bank that does not pre-commit pre-committed to easing
policy. The recent string of economic data suggests that while the US
activi…
The Dollar Breaks but it is Not Broken
Reviewed by Marc Chandler
on
December 06, 2020
Rating:
