The US Dollar continues to show strength in early-2024 trade which comes as stark contrast to the final two months of 2023. The FOMC rate decision on November 1st played a large role as a reversal began in DXY as sellers pushed for a 105.00 test. A bounce lasted for about a week, but the CPI report released on November 14th gave USD-bears another fresh push and that extended the sell-off until 102.55 came in to set support at the end of the month. A hopeful bounce had developed in early-December. But, once again, an FOMC rate decision brought out the bears and another extension of that sell-off showed up after the ... (full story)