DXY 15th AUGUST 2022
Traders with speculative interest welcomed the softening of price pressures in the United States, which leaves room for the US Federal Reserve to slow down the pace of tightening and thus help the United States avoid a steeper economic downturn. Friday last week, the stock rally eased with US government bond yields rising, helping the US dollar recover ahead of the weekly market close. The micro bearish trend in the US dollar is in line with the bearish trend in US stocks, when the interest in US stocks begins to decrease, the US dollar will go to the greenback.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.