US Dollar slides as recession fears reemerge SEO UnitedStates DollarIndex Macroeconomics
On the upside, the 55-day Simple Moving Average at 102.58 is acting as resistance and could limit any recovery. Should the DXY edge up further, look for the 103.00 psychological level as the next big challenge to the upside. The 100-day SMA at 103.06 will be key to reach should the DXY want to advance even more..
The Fed also uses quantitative tightening or quantitative easing to adjust the size of its balance sheet and steer the economy in the desired direction. QE refers to the Fed buying assets, such as government bonds, in the open market to spur growth and QT is exactly the opposite. QE is widely seen as a USD-negative central bank policy action and vice versa.Information on these pages contains forward-looking statements that involve risks and uncertainties.
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