2024-11-15 04:42
IndustryTechnical Analysis of the U.S. Dollar Index
The U.S. Dollar Index (DXY) is currently approaching a critical resistance level around 107, showing significant upward momentum. With expectations for further Federal Reserve rate hikes gaining traction, the dollar continues to attract safe-haven flows. If DXY successfully breaks above 107 and closes higher, it may target the 108 level next. In the near term, closely monitoring U.S. economic data will help assess whether the dollar can sustain its strength.
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Technical Analysis of the U.S. Dollar Index
Hong Kong | 2024-11-15 04:42
The U.S. Dollar Index (DXY) is currently approaching a critical resistance level around 107, showing significant upward momentum. With expectations for further Federal Reserve rate hikes gaining traction, the dollar continues to attract safe-haven flows. If DXY successfully breaks above 107 and closes higher, it may target the 108 level next. In the near term, closely monitoring U.S. economic data will help assess whether the dollar can sustain its strength.
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