The US Dollar Index (DXY) is experiencing a downward trend, slipping towards the 98.00 mark as expectations for Federal Reserve easing continue to intensify. During Asian trading hours on Tuesday, the index hovered around 98.10, marking a continuation of losses for the second consecutive session.
The decline in the DXY reflects shifting market sentiment regarding the USD, with traders adjusting their positions in anticipation of potential interest rate cuts by the Fed. This movement has implications for various currency pairs, particularly against the EUR and JPY, as the exchange rate dynamics shift in response to evolving monetary policy forecasts. As the market digests these developments, further fluctuations in the dollar's value are likely.
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Data Source: FX Killer Analysis Team Updated: 2025-12-23 04:56
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.