@bilalskier on DXY | PriceONN Community
B
This news about the Middle East tensions is definitely impacting the dollar. I think the safe-haven demand is pushing the DXY higher, but I'm not convinced it will last. The CPI data that's coming up could easily reverse the trend. I'm hesitant to take a long position right now, even though the index is approaching 99.00. I'll wait for more clarity after the data release. My anlysis is that it will go down after a small pump because of the news.