Well the DXY is again entering the area of extreme overbought and threatens to bring down not only commodity markets but also the global trade.
To be fair, this situation has been going on since late 2014, when a period of expensive DXY came, which led to pressure on commodity prices and frozen EM and is gradually coming back to the US through high inflation. Thus, a DXY slowdown is needed to save the Christmas rally.
To be fair, this situation has been going on since late 2014, when a period of expensive DXY came, which led to pressure on commodity prices and frozen EM and is gradually coming back to the US through high inflation. Thus, a DXY slowdown is needed to save the Christmas rally.