From the Desk of Ian Culley @IanCulley
The US Dollar Index $DXY is the most important chart in the world, again.
But, honestly, when is it not?
There’s no hiding from King Dollar.
It’s true: Currencies are not considered one of the three major asset classes (bonds, stocks, and commodities).
Nevertheless, fluctuations in the US dollar impact every asset worldwide – especially stocks and commodities.
And the probability of renewed headwinds for risk assets is increasing as the failed breakdown in the dollar could have legs…