The USD (using the DXY Index) is nearing its long-term trendline (using a 10-yr, monthly chart) around 92. The Dollar has been weakening since late March. This weakening – most likely – has been one of the factors in boosting certain risk assets over the past several months. Will King Dollar holds its ground near 92, or is a new price range in store for the Dollar?
Source: Bloomberg & Wennco LLC
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