US Dollar Forecast: Rising US Yields Buttress DXY Index, USD/JPY
The US Dollar (via the DXY Index) has stabilized after dropping swiftly from its yearly highs.
Source: dailyfx.com
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The US Dollar (via the DXY Index) has stabilized after dropping swiftly from its yearly highs.
The sixth month of the year is usually good for risk, and weaker for the US Dollar.
The first full week of June will see several ‘high’ rated data releases from all around the globe.
Crude oil prices have traded through and sustained a move above multi-month range resistance.
The ECB will likely take the first steps to pave the path towards rate hikes in the second half of 2022.