Dollar ends the quarter on a high note
The US Dollar Index ends a brutal second quarter on a bright note. The main perpretrator was the British Pound and it’s volatile reaction to economic data, which triggered a false-break of a 4-week wedge formation. This highlighted the EUR/USD’s inability to clear the 1.4137 pivot and allowed the Greenback to maintain support at a key fibonacci retracement at 79.47. The weaker consumer confidence number in North American trade spurred renewed risk aversion causing commodities, equities and