Zero Hedge: Strange pattern develops in dollar trading
12:34a ET Sunday, March 20, 2016
Dear Friend of GATA and Gold:
Zero Hedge takes note of what seems like a "strange pattern" in recent trading in the U.S. dollar, a pattern that has gotten stronger ever since the G-20 meeting in Shanghai -- the dollar's falling during U.S. trading hours. Zero Hedge says Bank of America's chief foreign exchange strategist, Athanasios Vamvakidis, believes that this pattern "would be consistent with emerging-market central bank interventions," presumably China selling dollars.
Zero Hedge's commentary is headlined "A Strange Pattern Emerges When Trading the U.S. Dollar in 2016" and it's posted here:
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