The dollar has been strong lately due to economists looking forward to the Fed raising rates sometime next year.
Biden choosing Lael Brainard as Fed Chairwoman will mean that rate hikes will never come and that will make the DXY fall again.
In the mean time, from a TA perspective, it looks live the DXY will stay below 96.5 until next year.
Take care and act with caution.
Biden choosing Lael Brainard as Fed Chairwoman will mean that rate hikes will never come and that will make the DXY fall again.
In the mean time, from a TA perspective, it looks live the DXY will stay below 96.5 until next year.
Take care and act with caution.