DXY 19th OCTOBER 2022
USD should have strengthened as high CPI will ensure the FED moves aggressively to raise interest rates and will push USD higher. But instead, USD fell sharply in recent days, market participants took profit taking action from the USD index and moved to the Dow Jones (United States stock exchange) to cover the losses incurred due to the sharp decline in the Dow Jones. However, this does not change the future USD trend still strengthening.
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