DXY Tests Highs Again

9 May 2022

The dollar has continued to press higher, making new relative highs, albeit barely. We are making a concerted effort to solidify the 104 handle, which is proving to be quite difficult. The dollar is also due for a bit of a correction, even if it is just a sideways correction to the 102's as we have seen last week. But from a broader perspective, the dollar trade is still strong and after solidifying 104, our next target is 104.53.