Extremely impressive upside break out bear!

37 years below!

DX going up means more expensive exports to our customers.

This is bearish for those markets, especially ag products like C, S and W.

This could have been a factor in those markets NOT reacting well to bullish weather forecasts.

US Dollar is soaring higher today!!!

https://www.barchart.com/stocks/quotes/$DXY/technical-chart

1 year below

20 years below

More incredible charts with this upside break out to the highest value in over 20 years!

Since early 2002!

https://tradingeconomics.com/united-states/currency

50 years below

5 years below

This helps to kill our exports by making all US products MORE expensive to foreign buyers.

But it causes everything that we buy from other countries to be LESS expensive!

This is likely intentional but I don't follow the news/policy dynamics close enough to comment.

Five ways that the super-strong US dollar could hurt the world economy

https://theconversation.com/five-ways-that-the-super-strong-us-dollar-could-hurt-the-world-economy-186654

3 Factors That Drive the U.S. Dollar

https://www.investopedia.com/articles/forex/09/factors-drive-american-dollar.asp

What does a strong dollar mean for the U.S. and world economies?

  https://www.marketplace.org/2022/05/17/what-does-a-strong-dollar-mean-for-the-u-s-and-world-economies/       

The ‘reserve currency’ myth: The US dollar’s current and future role in the world economy

https://www.ussc.edu.au/analysis/the-reserve-currency-myth-the-us-dollars-current-and-future-role-in-the-world-economy

whether a strong dollar makes our products more expensive... is not the important issue here.  i think there are much bigger problems developing.  

normally the value of the buck is Not going up strongly as we also have inflation. 

the dollar is rising along with inflation, because there are very serious problems elsewhere around the globe.  (not just in ukraine or sri lanka).    

Agree bear!

biden might be doing everything wrong.  destroy the buck.  destroy the budget. destroy the energy sector.  but... so many problems elsewhere are worse.  so lots of people are still hording dollars.  

as interest rates go up,... lots of highly indebted countries will collapse.  

"the dollar is rising along with inflation, because there are very serious problems elsewhere around the globe.  (not just in ukraine or sri lanka)."

I agree Bear