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The US Dollar lost ground against ASEAN currencies last week, but the Singapore Dollar was unable to clear support. With the Thai Baht breaking lower, the Indonesian Rupiah is eyeing a Bullish Rectangle.
The odds that the US Dollar gained the most since March 2020 last Friday, the odds of that happening were about 0.1%. With new 2002 highs in sight, where too for DXY next?
The US Dollar climbed last week but was unable to resume the uptrend. Still, the broader technical posture remains cautiously bullish, with a rectangle chart pattern brewing.
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The Dow Jones fell as the Nasdaq 100 gained during a fairly quiet session ahead of the FOMC rate decision. Ahead, the Nikkei 225 is eyeing the BoJ monetary policy announcement.