Hello Traders,
Today the US Federal Reserve has accepted a historical amount of ReverseRepo bid from banks : 485.329bln.
Banks are returning the USD cash back to FED to repossess their US treasuries coupon in order to generate some yields.
The recent comment from the FED board member are framing their comments in a Hawkish tone.
The chart is showing " Falling Wedge " on DXY : is a bullish pattern formation make the case of strong USD during the comming months are more solid.