A move to 90.00 seems to picks up pace
DXY corrects lower from weekly tops just above 91.00. The 90.00 region is expected to hold sellers near-term.
Big Picture
USD BULLISH THEMES
America is hiring and getting more stimulus
Higher bond yields to prompt investors to re-think their strategies for 2021
The expansion of the Fed's balance sheet results in a rising US dollar
Congress to pursue tougher regulations on big tech and the energy sector
Potential higher growth in 2021 to encourage Fed to wind down QE
More USD-denominated debt, the world is indebted in dollars
Dollar is still the king among fiat currencies
New US stimulus pushes out the pending fiscal cliff and gives a proverbial shot in the arm
An insolvency event is almost inevitable
Dems taking Senate to grant vast spending
Uncertainty about COVID-19 and fundamentals is high and rising
More evidence of rising contagion waves to fuel concerns about new lockdown measures and their economic impact
Skepticism over the source of inflation pressures
USD BEARISH THEMES
Surge in oil prices to trigger a resumption of the dollar's down move
The economy is in terrible shape when looking at the employment picture
The global trade-and-payments systems move away to a bilateral exchange framework
Acknowledging the recent weakness and inflation concerns show the Fed remains dovish
Scales tilt toward more gold ownership and less dollar holdings
Concerns about deeper scarring of the economy to prompt action by the Fed
Fed to face an inflation problem
US debt to skyrocket under a Democrat-controlled Congress
Cash is not in demand
Overwhelming support to spending ambitions of the incoming administration
US stimulus bill funds Mnuchin's slush fund
Bearish outlook can be framed as a return of the twin-deficits
US inflation to outpace other economies
DXY corrects lower from weekly tops just above 91.00. The 90.00 region is expected to hold sellers near-term.
Big Picture
USD BULLISH THEMES
America is hiring and getting more stimulus
Higher bond yields to prompt investors to re-think their strategies for 2021
The expansion of the Fed's balance sheet results in a rising US dollar
Congress to pursue tougher regulations on big tech and the energy sector
Potential higher growth in 2021 to encourage Fed to wind down QE
More USD-denominated debt, the world is indebted in dollars
Dollar is still the king among fiat currencies
New US stimulus pushes out the pending fiscal cliff and gives a proverbial shot in the arm
An insolvency event is almost inevitable
Dems taking Senate to grant vast spending
Uncertainty about COVID-19 and fundamentals is high and rising
More evidence of rising contagion waves to fuel concerns about new lockdown measures and their economic impact
Skepticism over the source of inflation pressures
USD BEARISH THEMES
Surge in oil prices to trigger a resumption of the dollar's down move
The economy is in terrible shape when looking at the employment picture
The global trade-and-payments systems move away to a bilateral exchange framework
Acknowledging the recent weakness and inflation concerns show the Fed remains dovish
Scales tilt toward more gold ownership and less dollar holdings
Concerns about deeper scarring of the economy to prompt action by the Fed
Fed to face an inflation problem
US debt to skyrocket under a Democrat-controlled Congress
Cash is not in demand
Overwhelming support to spending ambitions of the incoming administration
US stimulus bill funds Mnuchin's slush fund
Bearish outlook can be framed as a return of the twin-deficits
US inflation to outpace other economies