![AUDUSD 15 mins Sept 23](https://images.forexlive.com/images/AUDUSD%2015%20mins%20Sept%2023_id_b00e9824-e313-4a9a-945d-483d049be374_size900.jpg)
The dollar is an absolute freight train at the moment and given the mood in markets, there’s no obvious catalyst to halt it.
What I am hearing is increasing talk about FX intervention. I highlighted earlier this week that the last two big USD cycles didn’t end until central banks started intervening. The dollar’s special place in the FX market can be self-sustaining in a recessionary environment and that environment looks increasingly likely.