Loading ...Odds are its the speculators that are bullish on the Dollar, bidding it up. And odds favor, the central planners will soon knock it down on them. Like they used to say, don’t fight the Fed.
I’ve often seen a big one day hit, and soon after the COMEX players, and or other countries manipulate it back up, until the Fed take out the bat and bops them again if it gets too high.
weekly bars, note YTD, big sudden drops. I think they are manual adjustments against natural market forces. After a while, the “market” might get smart and start shorting the dollar on COMEX.
But if they short it too low? The Fed will adjust it higher. There are no free natural market forces around here these days. Note interest rates constantly pushed lower.