wrote an interesting post today on
Here’s a quick excerpt
USD – Last Wednesday’s FOMC interest rate announcement served as the catalyst for a broad-based dollar sell-off as the Fed’s ambiguous rhetoric left markets not-fully-convinced that it was serious about its war against inflation. In the immediate aftermath of Fed’s monetary policy meeting, oil prices skyrocketed to above $140/bbl, while US stocks and the greenback experienced a precipitous decline. Marginal amelioration in the Durable Goods Order Index (0.0% in May vs. -0.5% prior), together

Read the rest of this great post here