Again, the DXY traded with lower volatility as the price continued to fluctuate along the 102.60 price level with no clear directional bias.
As the banking crisis seems to be alleviated, this has shifted the market towards a risk-on sentiment (meaning that market participants would look to more risky assets, moving away from safe haven currencies or commodities).
This has led to some DXY strength. However, this strength has been offset by the market's uncertainty over the US Federal Reserve's monetary policy.
Still looking for further downside on the DXY to trade down to the key support level of 102.
As the banking crisis seems to be alleviated, this has shifted the market towards a risk-on sentiment (meaning that market participants would look to more risky assets, moving away from safe haven currencies or commodities).
This has led to some DXY strength. However, this strength has been offset by the market's uncertainty over the US Federal Reserve's monetary policy.
Still looking for further downside on the DXY to trade down to the key support level of 102.
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