Trader reveals why DXY at 100.14 could make or break your August portfolio
Key Points
- The US Dollar Index has reached a nine-week high at 100.14 b...
The US Dollar Index just hit a nine-week high of 100.14, and it's acting like that friend who can't decide whether to stay at the party or call an Uber home. Thanks to Trump's fresh tariff buffet - ranging from a modest 10% appetizer to a whopping 41% main course - the dollar is stuck between looking strong and potentially shooting itself in the foot.
When PCE Data Crashes the Rate Cut Party
The Personal Consumption Expenditure report just threw cold water on everyone's hopes for quick Fed rate cuts. Core PCE inflation clocked in at 2.6% year-over-year instead of the expected 2.5%, which ...
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