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Cathie Wood: U.S. Dollar Index Pullback But No Breakdown, Could Resurrect Strong Uptrend
BlockBeats News, February 2nd, ARK Invest CEO Cathie Wood, also known as "WoodGoat," stated that, according to Truflation data, the US consumer price inflation rate has dropped to 0.86% year-on-year, significantly lower than the 2% to 3% range of the past two years. There is a possibility of further downward pressure on inflation, even turning negative. Despite a recent pullback in the US Dollar Index (DXY), a collapse has not occurred. If the policies of the current US government boost the US's capital return compared to other regions globally, the dollar may see a resurgence similar to the strong uptrend during the Reaganomics era of the 1980s.
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