Performance of major currencies against the US Dollar since March 2020. Some suggest the $DXY will reach 120 (historical precedence), but no one really knows. 120 is in the realm of possible.
I suspect the rally continues until something breaks and the Fed relaxes. Even if inflation peaks, there will be additional hikes, and many of these competing currencies and their central banks are behind the US in terms of addressing inflation.
I suspect the rally continues until something breaks and the Fed relaxes. Even if inflation peaks, there will be additional hikes, and many of these competing currencies and their central banks are behind the US in terms of addressing inflation.