According to the latest market data, the US Dollar Index DXY has risen above the 99 level for the first time since mid-December last year. The single-day increase reached 0.14%, and although the magnitude seems moderate, it reflects the continued strength of the US dollar in the foreign exchange market.
The US Dollar Index, as an important indicator of the dollar's strength relative to other major currencies, has significant technical implications at the 99 level. This breakout marks the end of previous consolidation and reaffirms the upward momentum of the dollar. The market generally believes that the rebound of the US Dollar Index is closely related to global economic conditions, Federal Reserve policy expectations, and other factors. For investors focusing on the forex market and cross-border asset allocation, this move by the US Dollar Index is worth paying close attention to.
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According to the latest market data, the US Dollar Index DXY has risen above the 99 level for the first time since mid-December last year. The single-day increase reached 0.14%, and although the magnitude seems moderate, it reflects the continued strength of the US dollar in the foreign exchange market.
The US Dollar Index, as an important indicator of the dollar's strength relative to other major currencies, has significant technical implications at the 99 level. This breakout marks the end of previous consolidation and reaffirms the upward momentum of the dollar. The market generally believes that the rebound of the US Dollar Index is closely related to global economic conditions, Federal Reserve policy expectations, and other factors. For investors focusing on the forex market and cross-border asset allocation, this move by the US Dollar Index is worth paying close attention to.