The US dollar index (DXY) has been volatile in recent months, but now showing signs of momentum. This is due to a number of factors, including high inflation, rissing interest rates, and safe-heaven demand. Under the current macroecnomic conditions, the outlook for the DXY suggests that it will remain supported against losses.
Intermarkets are mirroring the pessimistic macroecnomic outlook for the US with the S&P moving below 50-day moving average while the yield on six-month Treasury bonds holds at around 5.5% after the Fed Funds rate was hiked in July to 5.5% and is expected to be held at the meeting this week.
Intermarkets are mirroring the pessimistic macroecnomic outlook for the US with the S&P moving below 50-day moving average while the yield on six-month Treasury bonds holds at around 5.5% after the Fed Funds rate was hiked in July to 5.5% and is expected to be held at the meeting this week.