🟩 DXY (US Dollar Index)
Move: DXY fell early due to weak inflation and growth, then bounced up on strong job data.
Reason: Market expected Fed to cut rates soon → dollar dropped.
But strong NFP shifted sentiment → Fed may hold off on cuts.
Next Week: If CPI and Fed comments stay hawkish, DXY likely continues higher.
Move: DXY fell early due to weak inflation and growth, then bounced up on strong job data.
Reason: Market expected Fed to cut rates soon → dollar dropped.
But strong NFP shifted sentiment → Fed may hold off on cuts.
Next Week: If CPI and Fed comments stay hawkish, DXY likely continues higher.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.