DXY is finally taking a breather. AUD got relief but not overly so. JPY went nuts. Yeh, nah. CNY is the powderkeg. Oil down, gold up. Dirt enjoyed the relief. Miners too. EM yawn. Junk is lifting. As yields fall. Stocks edged down. It just looks like exhaustion in DXY. It’s way overbought by systematics
The post Australian dollar to plunge into 50s appeared first on MacroBusiness.