#DollarRally110 🚀

The Dollar Index (DXY) has surged past the 110 mark for the first time since November 2022, posting a daily increase of 0.34%. 📈 This milestone reflects growing confidence in the U.S. dollar amid shifting economic dynamics.

Could this strengthen the dollar’s dominance, or will it create challenges for global markets? Let’s discuss! 💬

#DollarIndex #ForexTrading #GlobalMarkets #USDEconomy 🌍💵
$USDC

#DXY Using the 92-100 range and it's extensions. (Monthly📊 )

❗Breaking below 103.7 will give the start of Phase 1🚀

#dollarindex #Bitcoin #Crypto #stockmarket

#US - #CPI (Apr):

MoM = +0.3% (expected +0.4% / previously +0.4%)
YoY = +3.4% (expected +3.4% / previously +3.5%)

Core CPI = +3.6% yoy (expected +3.6% / previously +3.8%)

Inflation is still confirmed at 3.4%.
This is very high from the level the #Fed is expecting.

On the back of yesterday's PPI there were expectations to see 3.5-3.6. But overall the situation is still complicated by the fact that there are no clear views on when the US will be able to control inflation, when the Fed will cut interest rates and when the situation will stabilize.

How long this decline in the #dollarindex will be within the medium term is unclear. We will watch the situation further