The US Dollar Index (DXY) is down today, trading around 98.86 to 98.91, with a daily decline of approximately 0.15% to 0.21% or about 0.15 to 0.23 points.
This extends a pullback from recent highs near 99.57, marking the second consecutive session of losses as the index slips below 99.00.
Key pressures include Federal Reserve Chair Jerome Powell's dovish comments on a softening labor market, which have boosted expectations for another quarter-point rate cut this month, followed by more in December and potentially three additional reductions next year.
The ongoing U.S. government shutdown has delayed critical economic data releases, adding uncertainty and weighing on sentiment. Escalating U.S.-China trade tensions, such as threats of a cooking oil embargo and sanctions on related firms, are further undermining the dollar amid broader economic risks.
Despite a 2.31% monthly gain, the index remains down 4.52% over the past year, with forecasts pointing to further softening toward 98.43 by quarter-end and 96.54 in 12 months. Recent market chatter reinforces a bearish tilt, with the euro and yen gaining ground on related policy shifts abroad.
This extends a pullback from recent highs near 99.57, marking the second consecutive session of losses as the index slips below 99.00.
Key pressures include Federal Reserve Chair Jerome Powell's dovish comments on a softening labor market, which have boosted expectations for another quarter-point rate cut this month, followed by more in December and potentially three additional reductions next year.
The ongoing U.S. government shutdown has delayed critical economic data releases, adding uncertainty and weighing on sentiment. Escalating U.S.-China trade tensions, such as threats of a cooking oil embargo and sanctions on related firms, are further undermining the dollar amid broader economic risks.
Despite a 2.31% monthly gain, the index remains down 4.52% over the past year, with forecasts pointing to further softening toward 98.43 by quarter-end and 96.54 in 12 months. Recent market chatter reinforces a bearish tilt, with the euro and yen gaining ground on related policy shifts abroad.
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⚡️ Request a trial or subscribe to our premium🛠️tools at ➡️DCAlpha.net
All scripts & content provided by DCAChampion are for informational & educational purposes only.
All scripts & content provided by DCAChampion are for informational & educational purposes only.
免责声明
这些信息和出版物并非旨在提供，也不构成TradingView提供或认可的任何形式的财务、投资、交易或其他类型的建议或推荐。请阅读使用条款了解更多信息。