Video: Watching US Dollar Trade Setups as AUD, CHF Plummet
Our strategy biases likewise remain almost exactly unchanged since Monday as volatility prices continue to surge year-to-date peaks.
It's clear that professional traders are positioning for further USD strength, and in many ways this is a self-fulfilling prophecy.
As the Dollar moves more, the need to hedge increases for derivatives traders and they're forced to buy USD.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.