The U.S. Dollar Breakdown: A "Scary" Technical Setup
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In this market update, I explain why the U.S. dollar (DXY) is on the verge of a historic breakdown. After a massive 2-point drop in just five trading days, the dollar is testing a critical support line dating back to the 2008 lows.
I warn that the "fabric of trust" in the U.S. financial system is eroding due to escalating geopolitical tensions, specifically the 100% tariff threats against Canada over their China trade deal and the push for the Greenland acquisition causing friction with European allies.
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