The $US attracted further buying, or potentially short covering, overnight as the tariff uncertainty swelled. As subscribers know MM believes there’s room for a squeeze higher by the heavily shorted Greenback, which has already fallen over 12% from its 2025 high; such a move will likely push the $A lower in the process while also weighing on commodities, which are priced in $US.
- We can see the $US Dollar Index trading above 100 in the coming weeks, putting pressure on the likes of copper and gold.
MM is neutral towards the $US short term
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