The US Dollar Index (DXY) is up for the sixth straight day and made a new cycle high near 99.821. Economists at BBH expect DXY to test the the March 2020 high near 103 after breaking the 100 level.

The dollar uptrend remains intact

“After the psychological 100 level, the March 2020 high near 103 is the next big target.”

“Between the likely return of risk-off impulses and the even more hawkish Fed outlook for tightening, we believe the dollar uptrend remains intact.”