The Greenback received a strong safety bid last week which will likely continue – at least early this week with the $A opening down 0.6% this morning, under 70c. There is no clear risk/reward opportunity in the $US but our “Gut Feel” is it trades higher over the coming weeks.
- We continue to see a good chance that the Dollar Index will test the 102 area in the coming weeks/months suggesting headwinds for equities.
MM is neutral towards the $US index around the 99 area
Add To Hit List
