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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?

In general, the United States (DXY), has retreated from its original position. Bull run prevailingAfter hitting 105, its high point in two decades, the stock market has fallen by 3.20% over the last two weeks.

The U.S. dollar’s correction in the last two weeks preceded twelve months of relentless buying.

DXY weekly chart. Source: TradingView
DXY weekly chart. Source: TradingView
Weekly price chart. Source: TradingView
IFO surveys show strong German business confidence. Bloomberg
Price chart for daily and weekly. Source: TradingView
Daily price chart with its correlation to DXY, EUR/USD and other currencies. TradingView