Dollar, Yen, Australian Dollar Rally Today – Where to Next?

Dollar, Yen, Australian Dollar Rally Today – Where to Next?

It’s another “all or nothing” day in the markets – with equities down, the US Dollar and Japanese Yen are, of course, up. This time joined by – surprise – our old friend, the Australian dollar (ugh – got chased out of that position too early 🙁 )
Looking at a 6-month chart of the dollar, it’s doesn’t look pretty – or does it? Is the dollar on a one-way train to the cellar, or is it finding a bottom and ready to party?
Is the dollar about to fall out of bed…or just the basement window?
(Source: BarChart.com)

Take our quick poll and let us know what you think the dollar’s going to do over the next 2-3 months. We’ll be tallying the results this week, in order to compile an unofficial “dollar sentiment” index for readers!

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