Bitcoin Holds Above 200-Week Average Due to Strongest Rally in Dollar Index Since February

, I think the dollar is due to bounce as markets retract some of the Fed easing contained in the futures curve. My fundamental FX framework: Currencies are driven by real growth differentials and political considerations over longer cycles, but in the short term, it’s all about playing relative central bank policy (changes in nominal rates). Depending on how violent the dollar rally becomes, this could cause some short-term damage to assets like commodities and crypto,” Ilan Solot, co-head of digital assets, derivatives engine at Marex, said in an email. .