And so the cycle continues.
Just when we all thought that the USD was dying a slow death, the rebirth happens on the back of so many convenient stories.
- Yellen's indication that the US will raise interest rates in 2015.
- Ukraine vs Russia.
- Islamic State (IS) vs Rest of World.
- EU and Japan pursuing quantitative easing strategies.
So all of a sudden, the USD has just gone from strength to strength reversing all the losses against other currencies.
Will we see a turn soon (again)?
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