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USD strength
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ks_condor
Posted 5/25/2023 11:03 (#10242963)
Subject: USD strength


SC KS
I'm surprised with the negative news surrounding debt cliff talks that the USD has been so strong. It's on pace to challenge the early March high of 105.87. I suspect it falls from there but it is currently back above long term support. This will keep pressure on commodities. Crude taking a decent dip today (off just over $3/bbl at the moment).

Most of what I'm reading/hearing has the fed pausing on rate hikes which should also put pressure on the dollar, but clearly I'm missing something...





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