What if the second wave of recession seen on forex was made artificially? There was a big fall of Euro from the beginning of the year. I don't remember any big problem in Europe except of Greece crisis that could make such a big drop. And what was before this rally? There was big Usd growth.
I remember many analytics began to consider entering global safe-haven currency called SDR. Many people thought that USD will lose its safe-haven currency status because of its big fall.
After that, magically, USD began to rise. It happend as-if american goverment decided to rise it once more to convince people that USD is stable and there can't be any other global currency.
However, US can't live happily with expensive dollar because they have very big debts and it's much easier to pay them using cheap dollar. As for the economy, it is a well known fact, that cheap currency makes a positive influence on exporters. Europe countries that highly depends on export, such as Germany, made good profit during Euro crisis.
As I already told, I think USD now is going to fall, until there will appear new statements about its denial from high authorities.
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