💵🔺 Dollar Posts 2-Sigma Day On Powell's Testimony: Cable FX Macro
- Rosbel Durán
- Mar 7, 2023
- 1 min read
A gauge of the dollar vs its G10 peers, Cable FX Macro Dollar Index, rose to post its best day since March 18, 2020
The <.RDDXY> is set to close the day 2.18% higher. Going back to March 2020, this would represent a two-sigma event as the upper bound of the daily returns distribution lies at 1.34%
Post 2020, the dollar had seen 10-days of rising 2-standard deviations from its historic mean. Today's is the third-highest upside swing, looking back to 03/07/2020
We will update this post to analyze dollar short-term performance following 2-sigma events
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