“This Is A Potentially Huge Deal” – RBC Warns Dollar Reversal Risks Grow

Jon Economy

Since the plunge following North Korea’s latest missile firing, the dollar has rocketed higher on the heels of a collapse in the JPY (BoJ?) and this morning on a dump in the EUR (after leaked jawboning from ECB) for the biggest 3 day swing since December.
Is this the start of a trend reversal in the dollar?
RBC’s head of cross-asset strategy, Charlie McElligott, believes the risks of a tactical dollar reversal are growing…
WHAT IS THE OPPOSITE OF A ‘GROWTH SCARE?’
A data ‘triple-whammy,’ as
1) yesterday’s ‘big’ US data (ADP beat and + revision, along with GDP strength especially noted within the ‘Consumption’ sub-index),

This post was published at Zero Hedge on Aug 31, 2017.