DXY - the global wrecking ball about to damage reflation?
Arguably one of the most important charts in global macro, the USD is pushing the 200 day MA, and horizontal resistance.. a cup and handle is in play too, but needs a bit more work. An upside break here, likely driven by higher real rates, would have big implication on the well positioned reflation trade - that being a pause in the commodity rally, with equities finding sellers led by EM which is already in play.
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