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U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery? -Breaking

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U.S. dollar index retreats from 20 year highs — but will DXY topping spark a Bitcoin recovery?

However, the (DXY), a large part of its previous highs, has retreated significantly Bull run prevailingIn the two most recent weeks, it dropped by as high as 3.20% from its previous two-decade high at 105.

After twelve months’ of buying, the Dollar experienced a correction over the last 2 weeks.

DXY weekly chart. Source: TradingView
DXY weekly chart. Source: TradingView
Price chart for the week. Source: TradingView
IFO surveys show strong German business confidence. Bloomberg
Daily price chart. Source: TradingView
The daily price chart shows its relationship with DXY (EUR/USD) and the EUR/USD. TradingView