A case of panic short covering rather than a re-rating? Methinks the collateral damage from the crypto fiasco has yet to run it's course, especially in the so called new tech sector.
Singapore’s Sea Posts $9 Billion Surge After Cost Cutting Push
Only if it's on the eve of an earnings report. Or release of some macro economic data like CB meeting minutes, unemployment statistics etc. Otherwise, placement of stop orders will be sufficient to ensure normal sleep
Whilst interest differentials may have been a factor in the USD strength in 2022, the expected lower usage of USD in international trade, esp in the oil and energy sector will have more impact on global demand and therefore it's relative strength vis a vis other major currencies. So even if the Feds tightening policies plateau and remain at around 5% in most of 2023, the USD may still weaken.
@Tiger_chat:Strong Dollar Ends? Consider USD Bear ETF--$UDN to Arbitrage