If you haven't noticed, the US dollar has had a nice rally this week. As shown below, the dollar remains in a long-term downtrend, but it has just broken back above its 50-day moving average after a big run-up over the last four days. The last time the dollar got back above its 50-day, it didn't last long, but this is something to keep an eye on in the coming days.
This article was originally published by Bespoke Investment Group.
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