$DXY Ladies and Gentlemen, the dollar index just broke below its 2025 yearly low of 96.377 points. Hence, why commodities are rallying. We are approaching the 2022 yearly low of 94.582 points. There is a problem as the USD is losing its value. Tomorrow the FOMC is meeting, and I do not expect them to reduce the rate but keep it stable. This is a difficult moment for Powell and the uncertainty around the USA economy. This is looking bad for the USD #NFA
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$DXY Ladies and Gentlemen, the dollar index just broke below its 2025 yearly low of 96.377 points. Hence, why commodities are rallying. We are approaching the 2022 yearly low of 94.582 points. There is a problem as the USD is losing its value. Tomorrow the FOMC is meeting, and I do not expect them to reduce the rate but keep it stable. This is a difficult moment for Powell and the uncertainty around the USA economy. This is looking bad for the USD #NFA