Between 28 and 30 July there were very large US Treasury auctions (about $230 bln) which possibly were the reason for strengthening of USD. To buy treasuries you need to buy USD first. See what happed with USD that week.
Next week there will be few large auctions (about $200 bln). Unless investors decided not to buy any more US debt I think we should see stronger USD.
This is my strategy for the next week but I will wait till Monday because this market is too crazy for me now.
Next week there will be few large auctions (about $200 bln). Unless investors decided not to buy any more US debt I think we should see stronger USD.
This is my strategy for the next week but I will wait till Monday because this market is too crazy for me now.