2025-03-03 17:45
Industryhow identify dollar trend in the market
#FedRateCutAffectsDollarTrend
1. Check the U.S. Dollar Index (DXY)
• DXY measures the USD’s strength against a basket of major currencies (EUR, JPY, GBP, etc.).
• Uptrend in DXY → Strong dollar
• Downtrend in DXY → Weak dollar
📌 Example: If DXY rises from 102 to 105, the dollar is strengthening.
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how identify dollar trend in the market
Bangladesh | 2025-03-03 17:45#FedRateCutAffectsDollarTrend
1. Check the U.S. Dollar Index (DXY)
• DXY measures the USD’s strength against a basket of major currencies (EUR, JPY, GBP, etc.).
• Uptrend in DXY → Strong dollar
• Downtrend in DXY → Weak dollar
📌 Example: If DXY rises from 102 to 105, the dollar is strengthening.
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