The only reason the dollar is seen as a safe haven when equity markets sell off is its "Petro dollar" status as every country needs dollar reserves to buy oil.
If that artificial crutch is removed then the dollar collapses but in that event all foreign holders of US debt way to sell their treasury bonds at the same time pushing yields through the roof.
Myvreadong of DXY is its in wave four correction in line with equity rally then one final leg up as equity sells off.
Historically it will strengthen as equity markets sell off unless their is a disconnect and that is probably the Yuan/ Gold pricing of oil allowing dollar and equity to collapse at same time.
lf fiat currencies collapse any FX hedges may not work which is not beyond realms of possibility with all central banks set to introduce digital currencies.
Daily Price Movement / General Discussion, page-45849
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$1.70 |
Change
-0.025(1.45%) |
Mkt cap ! $1.909B | |||
| Open | High | Low | Value | Volume |
| $1.75 | $1.77 | $1.68 | $16.19M | 9.417M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 5300 | $1.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.70 | 86880 | 4 |
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