TrategySherpa

DXY will have a recovery rhythm in the future

Long
TVC:DXY   U.S. Dollar Index
Federal Reserve Chairman Jerome Powell warned on Friday that the central bank may raise interest rates further to curb inflation. Powell estimated that while inflation has improved, it remains above the Fed's "tolerable range." The Fed plans to make flexible adjustments in the short term and has not indicated any immediate monetary easing. His comments sent the dollar surging against a basket of currencies.

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