Whom Forex obeys

Fed can’t stop dollar’s consolidation. So, who can?

– How come the dollar has been buried so many times?

– Not deep enough.

After EUR/USD’s growth to 1.15 by 9th March and to 1.115 by the end of March, one could think the bulls wouldn't yield the initiative. Alas! Neither enormous flows of cheap liquidity from the Fed, nor the US stock market’s rally, nor the Fed’s attempt to satisfy foreign demand for the dollar using Swap and Repo transactions could dissuade investors and consumers from holding the greenback.  The dollar is very close to its 3-year peak against the…<br /><p>Read full author’s opinion and review in blog of #LiteForex</p>