Thursday, May 5, 2011

Dollar Rally

In yesterday's post, I mentioned that with record low dollar sentiment, it was a bad time to short the dollar.

Today we are having a nice dollar bounce - up over a percent and has crossed above the 10 day moving average. I could see a further dollar rally from here, with commodities and equities selling off hard.

Maybe it could be the start of something very deflationary?

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