This current rally is fueled
by bullish comments from the new CEO, day traders who follow momentum (look at the recent rise in volume in the first graph, and short sellers buying in their positions.
A combination of bad economic news from Germany, hawkish
comments from key Federal Reserve committee members that appeared to contravene Janet Yellen's doctrine, and the continued
bullish endeavours of the markets ensured that the dollar started this week in a very similar position to last, as demonstrated
by the chart (from IG's global forex trading system) that shows AUD, GBP and EUR retracing gains made on Wednesday October 8
by Sunday 12..