The Australian and New Zealand dollars hovered just below multi-month peaks and the euro held at $1.0989 after a modest overnight fall.
An ever-more hawkish sounding US Federal Reserve has further widened that policy gap with the Bank of Japan, though even an overnight steadying in the Treasury market after a few sessions of brutal selling didn’t seem to give the yen much help. “From a technical perspective, about 121.7 was the high from early 2016, so that would be the next key target in the really near term, but if we break above that, 125 could come into focus.”
The US dollar must collapse, and a currency that cannot be controlled by a few must emerge, Moammah died for that...
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