DXY broke through multi-decade wedge pattern briefly in March 2020 ($103), before taping down artificially due to Fed Reserve's strong monetary actions (Repo + Dollar Swap + Unlimited QE).
It would be interesting to see if Fed Reserve can counter the global market forces single handedly. Assuming dollars flow to US companies, it would be hard for it to flow to overseas companies which has >10 Trillion USD denominated debts.
Prediction: 12 Months USD strength
It would be interesting to see if Fed Reserve can counter the global market forces single handedly. Assuming dollars flow to US companies, it would be hard for it to flow to overseas companies which has >10 Trillion USD denominated debts.
Prediction: 12 Months USD strength
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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.