U.S. Dollar IndexShort
AFTER NEWS DXY SELL INFLATION CORRELATIONS
Dear Ziilllaatraders,
As i told you before in my previous ideas ( see other ideas ), i speculated right that DXY would drop. This is mainly because of the lower inflation numbers being expected. This would cause a downward pressure for DXY. The tendency to increase rate will drop if the inflation drop. And because the dollar has surged due to rates being hiked, DXY would lose more of its value.
Feel free to ask any questions or remarks.
Greetings,
Ziilllaatrades
As i told you before in my previous ideas ( see other ideas ), i speculated right that DXY would drop. This is mainly because of the lower inflation numbers being expected. This would cause a downward pressure for DXY. The tendency to increase rate will drop if the inflation drop. And because the dollar has surged due to rates being hiked, DXY would lose more of its value.
Feel free to ask any questions or remarks.
Greetings,
Ziilllaatrades
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Related publications
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.