USDX hitting 26.00 by month-end, what are the odds?
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Been watching the $USDX closely and it's been surprisingly resilient, even with some of the recent data. Currently sitting around 25.49, I'm starting to wonder about a run to 26.00 by the end of the month. Given the global sentiment and what seems like a bit of a flight to safety developing, I'd put the odds around 60%.
My reasoning is mostly centered on the divergence in central bank policies and the general risk-off tone that seems to be creeping into equity markets. If we get any further hawkish signals from the Fed or softer data out of Europe/China, that could provide the catalyst needed. It feels like there's still plenty of dry powder to push it higher, but obviously, any major reversal in risk appetite could cap it.