Dollar (DXY) about to breach critical 100 level … the market no longer believes what the Fed is saying about rate hikes.

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The Bloomberg dollar index has fallen to the weakest vs peer currencies in more than a year. pic.twitter.com/yA8jmUJwsc

— Lisa Abramowicz (@lisaabramowicz1) July 13, 2023

DXY has broken down to new 52-week lows

Reaching levels seen in April 2022 pic.twitter.com/HYpmPEae0s

— Game of Trades (@GameofTrades_) July 13, 2023

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h/t SilverStorey