Gulf States Gang Ip to Down the Dollar

Posted by John Ross Crooks - Black Swan Capital LLC

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“A man of genius can hardly be sociable, for what dialogues could indeed be so intelligent and entertaining as his own monologues?” – Arthur Schopenhauer

FX Trading – Gulf States Team Up With the RBA to Down the Dollar

A few headlines I saw this morning – have a look:

Swiss franc rises towards parity vs dollar
Russia’s rouble firms to strongest vs dollar this year
Rupiah, ringgit at 1-year highs as dollar falters
A$ hits 14-mth peak on RBA hike, swap rates jump
Indian rupee rises past 47/dollar to 4-month high
NZ dollar hits 14-mth highs on Australia rate hike
Singapore dollar at 13-month high, tracks euro

As you might imagine, the US dollar is undergoing another day of declines. Two items hit the wires in the last 24 hours that teamed up to knock the buck back further.

….full article and charts HERE.