IKN

idle and fond bondage

Charts of the day are…

…to show context on the US Dollar (USD) rally.
Here’s the recent move from 80 to 83 and woah!dude! that’s a remarkable move, no?
Well, maybe not so much.
Context, y’see. When you go through a period when micromoves are the norm, something like the greenback’s summer move catch the attention. But we here at IKN Nerve Centre™ confidently contend that the dollar’s mouse-like quiet in 2013 and 2014 is clearly the more remarkable event, not the recent move away from the Doldrums.

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