Aussie is the 5th most traded currency and is not even part of the DXY weighting, go figure? I mean who trades the Swedish Krona?
Salti,
1. demand for paper and physical is diverging if reports of Chinese stealth buying is suppose to be believed. Very odd if that is the case and not reflected in paper price, I don't buy conspiracy theory the Feds shorting paper. If they were I will not fight them with my BB gun lol
2. so price hit 4 year low and it is "cheap" and we should go all out and catch those falling knives? Don't want to pick tops or bottoms but if you believe in well run and good management then I can subscribe to a bit of value buying.
3. maybe a good thing the supply constraints if Chinese buying physical will start buying paper contracts! Current world hot spots have not reflected in POG and why is that? Look at oil, going backwards with ISIS controlling vast tracks of the oil region.
Notice how during GFC, the world could not get enough of USD$ just like now, when the mother of all nations created it in the first place. Trying to predict DXY crash is like trying to stick your head out when you see a bullet train rushing past the platform akin to shorting it.
Who knows when both another crash or black swan event will come but I am not gonna bet on one yet when I see the US economic recovery maturing.
NST Price at posting:
$1.18 Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)