I do not expect DXY (Dollar Index) to rise above the $110 level.
The reason for this is the risk of the American economy going into recession as a result of high interest rate hikes.
Inflation caused by supply and supply problems cannot be solved with interest rate hikes.
The current weather in the market; If inflation stays high, the Fed will do anything to bring it down.
This opinion will soon change. Inflation disturbs price stability, but unemployed workers can ruin everything.
From this point of view, it may be healthier to evaluate DXY and Aud/Usd. Knowing the content of DXY (Dollar Index) may help us in the evaluation.
Weekly
With the data announced this week (FED minutes), the dollar index rose sharply. The price received a reaction from the trend support. It will probably continue to rise in the next week. The levels of $ 109.250-110 are critical.
The reason for this is the risk of the American economy going into recession as a result of high interest rate hikes.
Inflation caused by supply and supply problems cannot be solved with interest rate hikes.
The current weather in the market; If inflation stays high, the Fed will do anything to bring it down.
This opinion will soon change. Inflation disturbs price stability, but unemployed workers can ruin everything.
From this point of view, it may be healthier to evaluate DXY and Aud/Usd. Knowing the content of DXY (Dollar Index) may help us in the evaluation.
Weekly
With the data announced this week (FED minutes), the dollar index rose sharply. The price received a reaction from the trend support. It will probably continue to rise in the next week. The levels of $ 109.250-110 are critical.
