What’s going on with the US$

You couldn't make it up

The above is the index of the US $ against a basket of currencies, such as € (c 58% of index), £, CAN$, CHF (Swiss Franc) and Japanese ¥ and (strangely) Swedish Krona.

As you can see the US$ was in confirmed uptrend from the all time low in 2011 to last Summer (red diagonal line indicates).

However, since last Summer the $ has fallen to the White horizontal support line.  This has been support – from where it bounced several times – during the last 2 years.

Curiously, the $ rose sharply on Thursday and Friday just gone.  Is the bounce sustainable?

USD

As Sterling based investors what has this meant for the $ : £ relationship?

The above shows the £ : $ price. You will see the £ has risen strongly since last Summer… as the $ has been weak, generally.

As far as we can see the…

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