Has the US dollar turned? It certainly looks so.

Several major currencies are weaker against the dollar.  The Australian dollar, Euro, and Loonie are all trading past their 20,50 and 100 day moving averages. The Yen is above the 20 and 50 and nudging up against the 100 day moving average.  The concern over Greece is hitting the markets and causing a world wide derisking.  Is this the end of current US Dollar weakness? I think so.   The currency markets seem to trade on technicals quite a bit (I'm not an expert in currencies by any stretch of the imagination.)  and punching through all those moving averages it a big nail in the coffin of US Dollar weakness.

We'll see in a few months if I'm right.

Some pretty graphs to show you whats going on.  The Euro fall is impressive.