BRIC unease with USD weakness

[pm]

There is some activity today with Russia and other BRIC nations selling their currencies against USD because their currencies are getting too strong. They are starting to talk intervention. Maybe this is the catalyst to turn the dollar, that politicians in a number of nations are getting uncomfortable with the weak dollar
P

[Steven Vincent]

Yes that could be the initiating factor. The technical conditions must be there also (and I think they are) if the move is to be sustained. Seems like we are getting a rally today, we'll see if it is of sufficient strength to constitute a breakout.

[BullBearGirl]

I heard some small Asian countries have recently done or are starting to do the same thing. You'd think quite a few countries will have to eventually do this since they need exports also.