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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.
71% of retail CFD accounts lose moneyTrading forex carries a high level of risk
$USD putting in a pretty stern bounce from support at 90. $DXY
FOMC next week, looks to be position squaring ahead of the event as there's a bit more uncertainty after yday's inflation prints
will this be the meeting where they talk about having that conversation? https://t.co/WapFePALI7 https://t.co/qwbBovrrF9
Leveraged trading in foreign currency or off-exchange products on margin carries significant risk and may not be suitable for all investors. We advise you to carefully consider whether trading is appropriate for you based on your personal circumstances. Forex trading involves risk. Losses can exceed deposits. We recommend that you seek independent advice and ensure you fully understand the risks involved before trading.
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