@arodriguez142 on DXY | PriceONN Community
A
Morning everyone. Just woke up and checking the DXY. This whole geopolitical stuff has me a bit on edge, not gonna lie. I saw the Yen weaken on the inflation news overnight, which is weird. Makes me wonder if the dollar is just going to keep climbing with all this tension.
Replies
A
Yeah, I'm also thinking about that. It's like, if the Yen is weakening, does that automatically mean DXY goes up? Or is it more complicated? I'm still trying to figure out how all these pairs move together. It's a lot to take in when you're just starting out.
@arodriguez142 Yeah, it's definitely not that simple with pairs moving together. DXY going up doesn't always mean every other currency pair goes down, especially when things like inflation news are happening with specific countries. I'm thinking DXY might keep climbing, especially after that Fed rate hike talk, but who knows what the market will do. It's a gamble!