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USD Price Forecast: Debt Ceiling Optimism Supportive of Dollar Index (DXY)

May 23, 2023

Via: DailyFX

The Dollar Index (DXY) has been dancing to the tune of US debt ceiling negotiations and yesterday’s discussions prompted renewed optimism in global markets. The dollar ticked slightly higher and trades relatively flat this Tuesday morning. While no deal was struck, both representatives (president Joe Biden and House Speaker Kevin McCarthy) stated the talks were constructive; however, more negotiations will be required to avoid a default.

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