U.S. Dollar IndexShort
SHORT DXY, INFLATION CORRELATION!?
Dear Ziilllaatraders,
As we can see the inflation rate and the dollar price seem to be correlated. We can see a peak in both the dollar and inflation rates around September 2022. The next forecast of the inflation rates is 0,3 % lower than the previous. Will this mean a drop in the Dollar price? And will this again cause a break out of the support of 102? Many questions but only time will tell. so make sure cause to pay attention and to follow and like this idea if you liked it ;).
If you have any questions or remarks feel free to ask and tell them!
Greetings,
Ziilllaatrades
As we can see the inflation rate and the dollar price seem to be correlated. We can see a peak in both the dollar and inflation rates around September 2022. The next forecast of the inflation rates is 0,3 % lower than the previous. Will this mean a drop in the Dollar price? And will this again cause a break out of the support of 102? Many questions but only time will tell. so make sure cause to pay attention and to follow and like this idea if you liked it ;).
If you have any questions or remarks feel free to ask and tell them!
Greetings,
Ziilllaatrades
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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.