@OscarCyclist on DXY | PriceONN Community
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Anyone else keeping an eye on the upcoming US PPI numbers this afternoon? If they come in hot like the CPI did, I reckon the DXY could really start to climb. It feels like the market's been a bit hesitant, but solid inflation data might just be the catalyst we need for a clear move. Fingers crossed it gives us some good volatility to play with!
Replies
Hey @OscarCyclist, good point about the PPI. I saw those headlines about the dollar weakening even with rising risks, which is odd. If the inflation numbers come out hot though, I could see the DXY finding some strength again. That 50 SMA looks like a key level on the weekly chart, like Nicole mentioned. If it can push past that with good data, then maybe we'll see it climbing.