10Y Bonds vs. the Dollar Index - DXY
On this Monthly Chart we can see the correlation between the 10Y Government Bonds (in teal) vs. the Dollar Index - DXY (in light orange).
The correlation is somewhat pretty strong and the 10Y can be used to somewhat predict moves in the Dollar Index (DXY).
Now looking at the Daily chart, we can see that the 10Y has been growing from a support level of around the low 3% range.
I forecast that the DXY will continue continue to trend higher from the recent low at around the 99.89 level.
Of course this is only one of the many other indicators we can use to predict currency moves.
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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.