The dollar enters Q2 2026 structurally weaker than at any point since 2021, but not broken. DXY has traded a 96–100 range for eight months, and positioning against the greenback is the most extreme in fourteen years. The Supreme Court's ruling striking down IEEPA tariffs removes a key source of trade policy uncertainty but introduces fiscal ambiguity.
Institutional-grade FX research, built from zero with AI-augmented intelligence systems. One analyst operating at the output of a research desk.
G10 & EM currencies, central bank policy, gold, positioning data, and the macro-structural forces driving FX markets.
research@mufx.io
mufx.io