Chart of the Day – August 18, 2020

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?

CW

Source: Bloomberg & Wennco LLC