Trader who called Q2 GDP surge reveals why DXY hit 98.80 then crashed
Key Points
- US economy exceeded expectations in Q2, yet the dollar stumb...
The US economy just flexed harder than expected in Q2, posting numbers that made traders do a double-take and wonder if their calculators were working properly. Yet somehow, the dollar managed to turn this victory lap into more of a stumble around the block.
When Good News Goes Bad: The Dollar's Identity Crisis
The US Dollar Index shot up to 98.80 faster than a day trader's blood pressure during earnings season, then promptly retreated to the low-98s like it suddenly remembered it had commitment issues. This wasn't your typical "buy the rumor, sell the news" situation - this was more lik...
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