DOLLAR STEADY AHEAD OF CRISIS

Balancing act for Dollex

The ongoing debate over the dominance of dollar bulls and the possibility of bearish movements remains unsettled. Clarity on this matter is expected to unfold next week. The dollar index’s upward momentum continued surpassing the $105.


Despite the continued multi-week rally of the dollar, the potential for a short-term correction lingers. A potential correction might lead the dollar index to retreat within the range of 102.1-102.4, setting the stage for potential renewed growth.


The Dollar Index (DXY) remains in a definitive upward movement. Confirmation hinges on the military action next week in the middle east and the continued upward movement on Treasury yield.


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CHALLENGING ECONOMIC LANDSCAPE SPURS PBOC ACTIONS

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