The Dollar Index (DXY), having bounced off its recent lows, is poised to break higher (the Euro accounts for 57% of the DXY and its direction will be the primary focus of the US dollar discussion – one which we just hosted on this week's ‘Why Does this Chart Matter?’). Coming into 2021, almost every Wall Street strategist was bearish on the dollar. They expected the combined efforts of US monetary and fiscal policy to outpace all other regions, diluting the dollar and forcing it onto its back foot. The thinking was that this weaker dollar would be driven by the real interest rate differentials between the US and ... (full story)