Market update – dollar breakout


Shutterstock photo

Dollar breakout - 84.50 on the DXY Index is the level we have been highlighting for months.

This is your breakout point and after today's non-Farm Payroll which included fresh hourly earnings growth and solid revisions you have your catalyst.

Add in Yen push lower, Yuan push lower, emerging market currency madness and why can't the U.S. dollar run like a deer through the woods but this is not just a move for today this is a move for multi-year.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

This article appears in: Investing , Stocks

More from Emerging Money


Emerging Money

Emerging Money

Emerging Markets
Follow on:

Find a Credit Card

Select a credit card product by:
Select an offer:
Data Provided by