IKN

More matter with less art

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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