DXY to continue on the rise in the coming weeks

٢٢ سبتمبر ٢٠٢٢

The DXY looks sets to continue rising and is likely to hit TP @ 119.143 coz of the following reasons
-Powell projects pain, higher rates for longer set to keep the dollar bid
-There is no alternative to the US dollar
-No recession for America's labor market, more dollar gains eyed
-Fed Chair Powell prioritizes fighting inflation, and ready to see negative growth
-Supportive monetary and growth considerations for USD to re-emerge
-Consumers shrug off higher prices, forcing the Fed to accelerate hikes
-Uncertainty about peak inflation in the US continues to support the dollar
-Beijing's zero covid policies add to the greenback's safe-haven appeal
-Aggressive Fed tightening and safe-haven capital flows to result in a stronger USD
-Dollar to be pushed higher by weakening growth prospects in Europe and China
-Faster rate hikes are firmly on the agenda
=There is no alternative to the king
-The Fed is set to continue with its hawkish approach