The USD is still in a consolidation pattern on the weekly. It has never had a 10% correction in a USD bull market so if it does crack that then it could continue down. That would be good for emerging markets. However there is a case to be made for a tight Eurodollar market which could force the USD back up. If that happens, the emerging market debt will have a problem and gold will probably get hit some more. Just thoughts but with so much manipulation in all these markets only time will tell. The central banks are capable of pulling out all the stops to have their way.
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