USD strength persistence vs. metals, thoughts?
asked by u/lan_goh · 2d · 0 answers
Watching the $USD continue its run, currently up 93.98 +2.96% against the index. Metals getting hammered, $XAGUSD down 57.541 -6.29%. Seems like the hawkish Fed narrative is really digging in now. Curious if anyone sees a capitulation point soon for the dollar or if this is the new normal for a while. Keeping an eye on the inverse correlation with commodities, particularly how long this divergence can last. Not positioning yet, just observing how strong the dollar bid remains on any dip.