While there may be some more deleveraging and volatility here both to the upside and the downside moderately, the dollar is showing a propensity for strength and bullish behaviour and the EURO the opposite. The dollar could continue its consolidation here for another 10 to 20 cents but looks set to resume its advance - possibly starting strongly sometime as soon as tomorrow.
The Fed's Real Job: Propping Up Dollar Reserve Currency Status
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Alexander Salter and Joshua Hendrickson argue that the Fed's actual
institutional role is to backstop U.S. dollar hegemony.
8 hours ago

