U.S. Dollar IndexShort
DXY
The economy is doing bad, there is less spending, less spending less transactions, less transactions less demand, less demand deflation. All while the US is trying to stimulate spending through lowered interest rates and stimulus checks/programs. Causing a sugar high one could call it we experienced after the COVID crash of February/March. We are due for a correction which in return will cause less spending and as I said before less demand = more deflation especially with so much government interference.
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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.