Dollar update: Portugal – Greece – Egypt drives U.S. dollar
U.S. dollar update. With Portugal being Greece and Greece being Greece, and Egypt being Egypt, and ADP payroll numbers being strong and the Fed lurking, the U.S. dollar remains one of the best trades of the third quarter.
A test of 84.00 on DXY was sniffed out this morning, but remains in sight.
Bottom Line: Buy weakness.