Hawkish Fed Lifts the DXY
The DXY has pivoted off lows at 110.20 and blasted through the next target of 111.37. We appear to be making our way back to the 112's following Fed statements to the effect that the persistently hawkish stance is here to stay for a bit longer than the markets have been pricing in lately. Watch the DXY to maintain value around 111.37's and potentially find footing in the 112's, with 110.20 as a floor price. The target to the upside is the high at 114.54
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