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Dollar gets clobbered during first quarter in surprise twist

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 31, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    This was not supposed to happen while in the middle of a US dollar upswing. The greenback was the second-worst performing major currency during the first quarter, besting only the beleaguered UK pound which is facing big political and economic risk in June in the form of the EU in/out referendum. Interestingly, two currencies whose central banks took stimulus action during the first quarter; the yen and the euro, did relatively well. Particularly the yen was the best performer despite the Bank

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