US Dollar Surges Unlikely to Stop until these Factors Change
- Substantially one-sided positions warn that we’re near key turning points
- Until tides change, we’ll remain in favor of US Dollar strength
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Weekly Summary of Forex Trader Sentiment and Changes in Positioning
The US Dollar has surged as the Euro and other currencies have plunged. Reversal risk is high, but until these factors change the Greenback is likely to hit further highs.
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--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.