The US dollar index rose for the first time in the last three weeks
As you can see in the daily chart of the dollar index, the dollar index supported the support range of the long-term ascending channel and was finally able to break out of its several-week channelized range and start the second week of August higher than its previous weekly candle at $106.57.
Do you think this could mean investors are looking towards further contractionary prospects from the Fed and further interest rate hikes later?
What is your analysis of the current situation?
As you can see in the daily chart of the dollar index, the dollar index supported the support range of the long-term ascending channel and was finally able to break out of its several-week channelized range and start the second week of August higher than its previous weekly candle at $106.57.
Do you think this could mean investors are looking towards further contractionary prospects from the Fed and further interest rate hikes later?
What is your analysis of the current situation?