The EURUSD did an about face this morning, as everybody and their uncle seems to have front run the ECB yet again (I’ll be surprised, one day, when it doesn’t happen.)
The hilarious part is that the USD decline occurred right in the middle of a (rare) CL decline. Our forecast had called for a declining dollar, so we’ll overlook the obvious incongruity. Since when does anything involving CL make sense anymore?
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