DXY v's Brazil Russia India China B.R.I.C. Currencies
Note how the two large pattern #HVF's kept you dollar long as the main directional trade from 2011 to 2022
But things may be turning around and this trade may, potentially be reversing.
Often when commentators have given up on the idea
of a multi polar world, end of dollar dominance , as price keep going the opposite direction.
Is when the trade actually starts to kick into gear.
These are major resource nations , with 40% of global pop.
30% of the land
and well over a 1/4 of global GDP
Would make sense to see this basket of currencies outperform our beloved Greenback.
But things may be turning around and this trade may, potentially be reversing.
Often when commentators have given up on the idea
of a multi polar world, end of dollar dominance , as price keep going the opposite direction.
Is when the trade actually starts to kick into gear.
These are major resource nations , with 40% of global pop.
30% of the land
and well over a 1/4 of global GDP
Would make sense to see this basket of currencies outperform our beloved Greenback.
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