<p>The dollar index edges lower in early Monday’s trading, following last week’s 1.6% advance (the biggest weekly rally since early June 2021) that resulted in hitting the highest in 18 months.
<p>The Bureau of Economic Analysis’ second estimate of Q2-2023 real GDP was revised 0.3%-pts lower to 2.1% quarter-over-quarter (q/q, annualized). Consumer spending advanced by 1.7% – larg
<p>I know…. the USDJPY is overbought. The RSI is above the 70 level indicative of an overbought condition in the USDJPY. The RSI in the USDJPY has not been this high since October 2022. &l
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