Overall, the US Dollar has been moving sideways since January 2023. The following charts should provide some insight for movements of the US Dollar. Key dates are provided to illustrate turning points over the last several years. The last peak in the US Dollar occurred in October 2022 as Non-Commercial Trader data readings dropped below the 0.6 level in the following US Dollar chart. At this point a steady move upward in the US Dollar would not be expected until Non-Commercial Trader Net positions relative to open interest are below the -0.2 level.
Note that this information is for educational purposes only and not a recommendation.
Stock charts courtesy of StockCharts.com.
