DXY - Euro is Rallying Finally..
For those wondering about the crypto rally:
The European Central Bank (ECB) finally raised rates meaningfully. On Thursday they announced a 75 bp interest rate rise, taking its benchmark deposit rate to 0.75%.
In response USD / DXY fell several %, BTC and EURO rallied.
In general:
-DXY down = BTC and EURO up
-DXY up = BTC and EURO down
The European Central Bank (ECB) finally raised rates meaningfully. On Thursday they announced a 75 bp interest rate rise, taking its benchmark deposit rate to 0.75%.
In response USD / DXY fell several %, BTC and EURO rallied.
In general:
-DXY down = BTC and EURO up
-DXY up = BTC and EURO down
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