DXY(USD Index) Weekly Candlesticks & Ichimoku Chart
The USD Index (DXY) has rebounded strongly off the weekly Ichimoku clouds. Trump, in his press briefing on Monday, mentioned that the strong USD indicates that foreign investors love to invest in the US & the govt should take advantage of that to borrow money and get started on his infrastructure plan. He used to whine a lot about a strong USD but has come to embrace it as a plus. What stops the USD from going higher against other fiat currencies now?
Source: bloomberg.com
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