The USD index had a hell of a good time during the first quarter of 2020 when it surged to 103 level in March while the rest of the assets from gold, stocks, oil, to crypto everything tanked.
In fact, USD has been enjoying an uptrend since early 2018, which interestingly coincides with the bear market of Bitcoin and all the other cryptocurrencies.
Te greenback topped in March after the central banks around the world announced their ultra-loose monetary policy and started printing money like crazy. While USD started its downtrend from here, all the other asset classes began to appreciate in value, starting a mania that now has everyone calling it a bubble.
The USD Index started 2021 on a good note, soaring from its multi-year low of about 89 to almost 93.5 on March 29. Since then, it has been back in a downtrend, hitting 89
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