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
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