US Dollar Index already reach 105.026, raised from 99.512 at 18-07-2023 , Why US Dollar Index Sooo Strong ? I think there’re some reasons :
1. USA’s economy is getting better, the ISM non-manufacture PMI 54.5 , prev value 52.7 , market forecast value 5.25 , 2 larger, we can see that the USA’s economy still heathy.
2. The SPX index keep raising.
3. The US-bond yield keep raising, which coincide the long-term interest expected higher.
4. very weak trend on AUD/USD , EURUSD, GBPUSD
I think the US Dollar Index is still not the peak. how about your opinion ? let’s discuss .
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