DXY is being taken to the cleaners. China is making a move on DOLLAR.
Dollar In Serious Trouble vs Asia
Posted 13 January 2023 - 10:28 AM
Posted 15 January 2023 - 07:13 PM
Yes it definitely getting close to limit of targets i have for dollar drop and needs paying close attention - I still see on my model USD 99 to 101 as weekly bottoming area next few weeks but
it MUST bottom there, or something BIG is happening ... end of $ hedgemony and as u say China and likely others making move to sell $.
for now this is helping stocks - though not as much as it should ..which is bearish longer term ... but I think if dollar broke through 99 area then
that correlation will reverse and stocks /bonds start to sell with falling dollar.