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U.S. dollar on the verge of first 'death cross' since 2020 as rally unravels

Por: MarketWatch Business January 10, 2023

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It’s considered by technical analysts to be a sign that a given asset or currency could be headed even lower — although historically this isn’t always the case. The ICE U.S. Dollar Index , a gauge of the dollar’s strength against a basket of major currencies, sported a 50-day moving average of 106.24 early Tuesday, according to FactSet data. That’s within a few pips of the 200-day moving average, which stood at 106.13. The last time... + full article



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