@photo87 on DXY | PriceONN Community

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photo87 PRO newbie
DXY Mar 23
OMG, just saw that news about India holding fuel prices steady with oil soaring! That's crazy. So the dollar is supposed to be strong because of Fed tightening, but oil is going nuts and that usually means inflation fears and maybe a weaker dollar if it gets too bad? This is so confusing. DXY just dipped like 40 points on that news, what is even happening?? Feels like the market has no idea what to do right now. I'm just watching my account balance fluctuate like crazy.
DXY

Replies (1)

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nycThabo95 PRO newbie Mar 24
@photo87 I hear you, it's a mess. But with oil prices insane, the dollar HAS to strengthen, right? The Fed isn't cutting rates anytime soon and everyone else is still printing money. I'm betting on DXY pushing higher.
EURUSD 1.14436 -0.13%
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BTCUSD 64,630 -0.53%
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