DXY is set for a bounce from down here
Strong theme to my analysis just now around US dollar. I think it should bounce from down here and generally feel as though all other majors have rallied to hard against it of the last week. Today might be volatile and it the DXY may flush lower but I don't dollar weakness will be sustained much longer.
The overwhelming fundamental driving the weakness seems to be rate cuts. I don't think the Fed will do more than 25 basis points in September and so once that's clarified I think the narrative might shift to issues and rate cuts needed in other parts of the world.
The overwhelming fundamental driving the weakness seems to be rate cuts. I don't think the Fed will do more than 25 basis points in September and so once that's clarified I think the narrative might shift to issues and rate cuts needed in other parts of the world.
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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.