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This is an interesting analysis. What do you see fueling the USD strength today?From a technical perspective, the greenbacks rally is showing signs of stalling as DXY continues to face selling pressure above 109, despite the Fed’s signals for a continuation of tighter monetary policy.Of course, there is still key US jobs data due this week, so perhaps a stronger-than-expected print will be the catalyst to help DXY break to a new 20-year high.
This is an interesting analysis. What do you see fueling the USD strength today?
From a technical perspective, the greenbacks rally is showing signs of stalling as DXY continues to face selling pressure above 109, despite the Fed’s signals for a continuation of tighter monetary policy.
Of course, there is still key US jobs data due this week, so perhaps a stronger-than-expected print will be the catalyst to help DXY break to a new 20-year high.
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