A fourth week of declines

Despite some day to day swings, the USD still closed net lower for the fourth consecutive week, -0.6% @ DXY 94.89 (intra week low 93.96). A brief 1-2 week bounce is viable in the immediate term, but it does seem the USD is headed all the way to the secondary target zone of DXY 90/89s.. as early as mid June.


USD, weekly

USD, monthly'3 - outlook

Summary

.. it has been a long week... I think I'll leave it at that!

Goodnight from London
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*the weekend post will be on the US monthly indexes