USD: A Fundamental Perspective
The U.S. Dollar Index (DXY) is currently reflecting a robust economic landscape in the United States, with a GDP Growth Rate of 2.4% for Q2 2023 and an Interest Rate set at 5.5%, signaling potential strength in the dollar. The Balance of Trade is in deficit at -65.5 USD Billion, which may present some concerns, but the low Unemployment Rate of 3.5% indicates a healthy labor market. These key fundamental indicators collectively paint a picture of a resilient U.S. economy, which could translate into continued support for the DXY in the near term.
if we 'll see more stable leading indicators for USA on near future, it is possible that USD is getting stronger that other pairs....
DXY
https://www.tradingview.com/x/IXgrpVgw/
if we 'll see more stable leading indicators for USA on near future, it is possible that USD is getting stronger that other pairs....
DXY https://www.tradingview.com/x/IXgrpVgw/
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