The Dollar Should Rise
Summary
- Continuation of the new trend.
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This is a brief note about the effects of the currently US tighening monetary policy on the Dollar exchange rates. Given that the demand for base money is outstripping supply, the dollar should rise in value in the forex markets. This has already been occurring a bit lately:
Year-to-date, DXY, the Spot Dollar Index is only up .53%, but more than half that rise occurred yesterday.
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