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Crypto Markets Put the ‘Pump’ in ‘Pumpkin’

The Breakdown

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The Dollar Is a Major Headwind for Risk Assets

The Dollar Index or DXY or Dixie, a measure of dollar strength against major foreign currencies, started the day on Tuesday with a sharp decline. It eventually settled at a new level just under 111, which is a three week low. The 10 year treasury bond also dumped at the open, dropping 75 basis points in the first hour. Some are commenting that we may be past the peak now in terms of dollar strength and rising bond yields.

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