From the Desk of Ian Culley @IanCulley
The US Dollar Index $DXY is dropping – and our bearish USD trade ideas are beginning to trigger.
While I tend to stick to major developed-market (DM) currencies for placing trades, I still monitor the less liquid forex pairs for information.
I want to see DM currency strength spill over into emerging-market (EM) currencies, confirming the broadening US dollar weakness.
As always, I strive to break it down to one level, one chart, whenever possible.
This next chart does the job…