DXY Currency Index
The DXY, a comparison of the US Dollar to 6 main global currencies, was off 0.5% to close at 89.44. The chart shows an intriguing argument to avoid buying on rumors and fundamental facts, instead of price action process. Investors and traders, of course, have to be on the watch for evolving fundamental backdrop that is often expressed through a violent move.
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.