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.
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
$USD really tried to break through that 92.50 support zone. held through tests on wed and thurs morning.
Resistance potential 93.75-94.00, same zone that caught the highs on monday and tuesday $DXY https://t.co/Tsh6CXirsf https://t.co/krivRupnA3
$USD $DXY | US Dollar gaining quite a bit of ground so far for today against key FX peers like $EUR, $GBP, $CAD, and $AUD while trading pretty flat versus $JPY. Monthly NFP #jobs report, which has a history of sparking currency volatility, is on tap for release in about 30-mins. https://t.co/RS6Ek2kXJ9
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