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USD: Finally Turning Higher?
chart The US Dollar (via the DXY Index) was having lackluster week until Thursday (even as Fed Chair Jerome Powell testified on Capitol Hill), when it seems the uptick in US Treasury yields finally spilled over to FX markets, lifting the greenback through Friday into the weekly close. The DXY Index rallied by +0.57%, its second best weekly performance year-to-date, just behind the second week of January (+0.70%). The US Dollar gauge warded off a significant technical breakdown, and now it appears that major technical damage is ‘undone,’ to an extent. The arrival of the first week of a new month should bring ... (full story)
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