DXY Spike Up Yesterday Only to Spike Down Today
The USD is showing some terrible weakness today after going up strongly yesterday. It could be due to the better than expected down on oil inventory which stimulated demand for USD and lessen fears of recession forcing down a Fed rate hike. So the USD strengthen yesterday on 26 Apr 2023. Now on 27 Apr 2023, the USD Strength seems to have reversed. The long EURUSD trade seems like a good vehicle to go long the USD.
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