I didn't expect a reaction like we got in the $USD but I did notice that the DXY was very overbought. I assumed that it was coming off due to bond yields. In the first week of November the 10 yr yield turned down but DXY continued higher. Now we have the reverse. Hard to say what happens next. If markets still believe that Yellen is going to raise then DXY should find support in the week ahead. Maybe at the 200 day MA.
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