Despite the negative news surrounding the Producer Price Index (PPI) and the struggling retail sector, there has been a notable absence of bearish activity in the Dollar Index (DXY). This suggests that the Federal Reserve is intent on maintaining the weight and value of the USD in the market. If the price consolidates above current levels, we can anticipate a continuation of the bullish trend for the USD in the near future.
Targets: 105, 107
Targets: 105, 107