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The AI rally has a new test — a rising dollar: Chart of the Day
Key takeaways
- The AI rally has a new test — a rising dollar: Chart of the Day Jared Blikre Tue, June 23, 2026 at 5:00 PM GMT+7 2 min read DX-Y.NYB The AI rally s next test is not earnings, chips, or the Fed.
- The US Dollar Index (DX-Y.NYB) is breaking above the 100/101 zone, a level that has flipped between support and resistance in recent years.
- A stronger dollar can tighten financial conditions, pressure overseas earnings, weigh on commodities, and make life harder for emerging markets.
The AI rally has a new test — a rising dollar: Chart of the Day Jared Blikre Tue, June 23, 2026 at 5:00 PM GMT+7 2 min read DX-Y.NYB The AI rally s next test is not earnings, chips, or the Fed. It is the dollar.
The US Dollar Index (DX-Y.NYB) is breaking above the 100/101 zone, a level that has flipped between support and resistance in recent years. The so-called Dixie is also printing a fresh one-year high, putting the dollar back on investors radar after months of AI-led stock market strength.
The easy historical read is risk-off. A stronger dollar can tighten financial conditions, pressure overseas earnings, weigh on commodities, and make life harder for emerging markets.
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