The US Dollar Index (DXY) faced downward pressure on Tuesday, trading around the 98.00 level after hitting a three-month low during Asian trading hours. This decline occurred despite the release of robust US Gross Domestic Product (GDP) figures, which typically bolster the greenback. The faltering demand for the USD suggests ongoing market unease as traders position themselves ahead of year-end trading.
Meanwhile, gold prices are nearing record highs, further weakening the USD's appeal. As the precious metal approaches significant psychological resistance, investors are increasingly attracted to its safe-haven characteristics amid economic uncertainty. The movements in the DXY and gold prices reflect a broader shift in market sentiment, with traders closely monitoring currency pairs like EUR/USD, as the euro maintains its strength against the backdrop of fluctuating exchange rates.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 19:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.