MacroVoices #354 Jim Bianco: CPI, FOMC, China & More
Macro Voices
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Do We Have a Dollar Reversal?
The next five point move or more in the dollar index is actually to the upside. Jim Bianco made an excellent point that the peak in treasury yields perfectly coincides with the start of this rally. Meanwhile, gold is down sharply overnight. Trading is low as $50 in the Wednesday to Thursday overnight session. And below it's high that was put in just after the CPI data came out.
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