Dxy index
Dxy index. The dollar index has also risen ahead of the that are expected later today. The minutes come at a time when most officials of the committee have talked about the need to hike interest rates by 0. On Tuesday, Lael Brainard, a senior official, said that the bank will likely start quantitative tightening.
US dollar index forecast The daily chart shows that the DXY index has been in a strong bullish trend in the past few months. Along the way, the index has formed an ascending channel that is shown in green. It has moved above the 25-day and 50-day moving average while the Relative Strength Index has been rising.
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