US Dollar Index: Bull trend towards 99-100 is intact – Westpac DollarIndex Fed Banks
is in a retracement phase for now, but the medium-term bull trend remains intact, economists at Westpac report.“There are some doubts about near term USD momentum with expectations stabilising around 4 ½ to 5 Fed hikes in 2022, but beyond that the medium-term USD uptrend is in very good shape.”
“DXY likely respects support around 94.50, another leg higher toward 99-100 on the cards in coming months as the Fed pulls away from a staunchly cautiousInformation on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets.
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