As much as it doesn't make sense (Repo, global dollar liquidity shortage, worsening macro outlook) neither the DXY nor the S&P 500 seems to care.
So, if reality has not yet decided to assert itself in the market, then the DXY is probably headed down to test the bottom of this channel at 96.60.
So, if reality has not yet decided to assert itself in the market, then the DXY is probably headed down to test the bottom of this channel at 96.60.
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Nearing the bottom of the channel here, and liquidity concerns in Repo have me too gun-shy to leave this open any longer.