@poppystewart on DXY | PriceONN Community
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I was listening to a podcast earlier today, and they were talking about how the DXY's recent dip might be linked to some of the weaker global inflation data coming out. It made me think about that RBA news - if other central banks are starting to pause or hike less aggressively, it could put pressure on the dollar. Still trying to figure out how to trade this though, it's so confusing sometimes!
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@poppystewart Yeah, I saw that RBA headline. It does make sense that if other central banks are easing up, the DXY might struggle to find strength. I'm trying to factor that into my algo, but it's tough with all the conflicting data. Just hoping this current dip doesn't reverse too quickly.
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@poppystewart I agree about the inflation data affecting the DXY. It’s hard to see it strengthening much if other economies are slowing down. I’m watching to see if that 99.07 support holds if it does pull back.