📈 DXY: largest one-day correction since early August The US Dollar Index (DXY) experienced a significant correction yesterday, its largest since early August.

One of the main factors influencing the dynamics was the less dovish comments of Isabel Schnabel from the European Central Bank (ECB). These statements had a noticeable impact on investor sentiment.

In addition, there are flows of rebalancing at the end of the month from buyers. Fund managers were likely making upward adjustments to their non-US dollar portfolios to bring them back toward their desired benchmarks. It’s worth noting that some of this activity occurred in more liquid markets, which may have also contributed to the DXY’s performance.