The US Dollar Index, also known as DXY, is used by traders seeking a measure of the value of USD against a basket of currencies used by US trade partners. The index will rise if the Dollar strengthens against these currencies and will fall if the Dollar weakens against these currencies. Plan your technical analysis of the US Dollar Index by tracking its price in the chart and keep up with the latest market movements with news, advice pieces, and the dollar index forecast.
Volatility and US Dollar spiked into the closing bell. Stocks sank led by a 2% drop in the Nasdaq and precious metals plunged with gold and silver down about 5% and 14% respectively. The move looks driven by surging Treasury yields.
$UST $VIX $DXY $USD $NQ_F $GC_F #Trading https://t.co/ZUKAKYguT3
The US Dollar Index (DXY) is just below the 2011 trend-line that runs under important lows from 2014 and 2018. Get your $USD market update from @PaulRobinsonFX here: https://t.co/tHL89N8dxd https://t.co/G1Ih8AIMnI
The US Dollar (via the DXY Index) has fallen below uptrend support in place since 2011, offering another piece of evidence that the greenback is in the early stages of a longer-term decline. Get your $USD market update from @CVecchioFX here: https://t.co/zrdzOxfnYy https://t.co/zURC14EPpf
- #USDollar may catch a haven bid as the US and China lock horns over technology
- #TrumpExecutiveOrders may encounter congressional friction, spark dash to cash
- #bidenvppick announcement could fail to stir markets unless the choice is unexpected
The #Dollar is down than 3% year-to-date with the index responding to trend support at multi-year lows. Here are the levels that matter on the $DXY weekly technical chart. Get your #currencies update from @MBForex here: https://t.co/MVnF5VDoeN https://t.co/TP2k8u9sXN
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