Can the Dollar Index breach 100 before February ends?

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The Dollar index (DXY) is ever so close to the 100 mark; the last time it breached that psychologically-important mark was in April 2017. A break above 100 would crystalize the golden cross pattern, as its 50-day moving average climbs above its 200-day moving average, confirming the Dollar’s upward trend.

Driven by the risk-aversion in the markets due to the black swan event that is the coronavirus outbreak, coupled with the resilience demonstrated by the US economy, investors had strong reasons to cling to the safety of the Greenback during times of uncertainty.

However, with its 14-… Read More:

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