Dollar Destruction
During an absolutely brutal session for the dollar index today, traders are bidding Gold, Silver, and Oil. Milkshake over?
Today the dollar index $DXY made a new 52 week low at 100.5. As of writing, the index is still near that low at roughly 100.54. The last time the DXY was this low was April 2022. The index is dangerously close to ending a session under 101 for the first time in about 15 months:
While many have bid stocks with the dollar falling under support, the assets …
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