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What do you notice about the long-term chart of the USD? Since the great financial crisis the dollar has been making higher highs and higher lows. That is a long-term bullish trend until it isnโt. We are the cleanest shirt in a dirty laundry. https://t.co/WWdpDS5QV3 https://t.co/rpK7EADiO6
U.S. Dollar Index $DXY hits highest price since May 2 after posting its 5th green day out of the last 6 https://t.co/BTSGwdTMjh
Dollar ripping. Highest since May 1, closing in the best levels since October. https://t.co/Zj5yNs42jf
The U.S. Dollar Index (DXY) has surged to its highest level since May, reaching a one-month high of 105.47. This marks the fifth green day out of the last six for the index. The dollar's strength is evident as it trades above channel resistance, indicating a bullish trend that has been ongoing since the financial crisis. The index has been making higher highs and higher lows, reinforcing its long-term upward trajectory. Notably, the index has reached its highest levels since May 1, May 2, May 8, and May 9.
