USD/NOK Remains in Bear Flag; USD/CHF, USD/SEK Break Recent Uptrends
USD/NOK Remains in Bear Flag; USD/CHF, USD/SEK Break Recent Uptrends Advertisement US Dollar Outlook: April is the worst month of the year for the US Dollar (via the DXY Index) from a seasonal perspective, leaving it susceptible to weakness over the next few weeks. USD/CHF rates have been following US Treasury yields (similar to USD/JPY), but USD/NOK and USD/SEK are acting like more risk-on/risk-off pairs. Non-Major USD-crosses Look Bearish You’ve heard it a lot in recent days: we’re in the midst of the worst month of the year for the US Dollar. This point bears repeat...