The US Dollar index changed its price slightly above the Quarterly value area while the higher yield might boost the dollar higher sooner or later.
The US Dollar index changed its price slightly above the Quarterly value area while the higher yield might boost the dollar higher sooner or later.
This month the dollar may be closing with the swing failure pattern around the highs, a possible sign of absorption. The current short-term downside rotation of the DX can have a positive effect on commodities to the upside.
Potential market operations are still able to lift the dollar higher to fight inflation such as in stocks.
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Disclosure: All information is for educational use only and is not investment advice. There is a substantial risk of loss in trading commodity futures, stocks, options and foreign exchange products. Past performance is not indicative of future results.
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