Ichimoku Kinko Hyo CNH/JPY: The CNH/JPY pair is trading above the Kumo…
USD: a sudden plunge for a quick pick-up!
Information is not investment advice
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.
In the middle of September 2022, the Canadian dollar has fallen to a 2-year low against the USD.
The US dollar index has all chances of reaching the 2000s high of 120.00.
Many investors treated gold as a protection against inflation. However, last week, gold lost its major support and dropped despite rising inflation. Why did it act like this?