Loading ...I see the Rig as keeping PM’s weak and dangerous to longs, keeping the SM super safe for longs and whenever the SM is threatened, they put a bid into the Dollar to make it look like the safe haven of choice…..Rates they have a harder time with, but they try to keep them soft, hence the long term bull mkt for bonds…..though that could be ending and then become real problem, for them.
So yes that is why like today , we have an SM hit and the dollar goes bid…creating the right perception.