The US Dollar's (via the DXY Index) rebound in recent days has been catalyzed by familiar forces: US Treasury yields turning higher as near-term Fed rate hike odds increase.
rebound in recent days has been catalyzed by familiar forces: US Treasury yields turning higher as near-term Fed rate hike odds increase.
While momentum has flattened out – daily MACD is still declining albeit above its signal line while daily Slow Stochastics are just exiting oversold territory – the dollar gauge is carving out a daily doji candle today, pinned around its daily 5-, 8-, 13-, and 21-EMAs .
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