These two have been tight for a while. Don't know why, and have not heard any "talk" on this, so just observing, and for those trying to buy anything in the XLE sector or the XLE itself, at the oil bottom, it isn't here yet. EURUSD determined to go lower it appears, against everything else, pushing the dollar higher yet. Heard a good chat yesterday, bottom line, Oil goes to 40, and if it breaks below, very very bad for economy, if it bounces there, then bottom is in, and we begin to heal from there. And Euro zone parity with dollar gurus better watch out, they might just get what they ask for. Never seen currency battles like this before, once again like star trek, where no one has ever gone before. They think they know what they are doing, but with so many moving parts and players, and possible results, and so many moves, one of these times we end up in an unintended bad consequence I fear, and not sure of what result. Yikes.
yes, but euro zone pushing euro down, resulting in dollar up, US does not want any stronger dollar any more, enough. Will turn ugly id it tips the scale here. Dollar needs to retreat to have any hope of exports increasing, or next quarter earnings will be a huge "sell in May (and this time April) and go away summer season.