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Can the US PMI give direction to the DXY?

by Neville Hornsey
1 February 2022
in Forex
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The expansionary moves in US manufacturing show demand is still strong, and after such a big drop into the COVID-19 lockdowns and then just as big a rise out of the recession, the US PMI is coming into levels we’re more accustomed to. The US dollar is being affected by the expectations of a monetary policy change, and traders will be looking for signs that the economy is doing well as support for the Feds decision to raise rates this year.

For more trading details, please check the hyperlinks with time stamp indicated from the video:

4:11 US DOLLAR INDEX

Tags: DXYFUNDAMENTALSUS DollarUS PMI
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