The chart shows swings in the Dollar Index (DXY) since January this year. The index tracks the greenback’s value against a basket of fiat currencies.
The DXY has danced to the tune of Fed Chair Kevin Warsh in the months after interest-rate meetings, as ING points out.
That makes today’s FOMC meeting all the more important. What the dollar does from here could have a bearing on all markets, including cryptocurrencies.
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