USDJPY
EURUSD
USDJPY
USD extends post-Fed slide as DXY nears 98.00 – ING
Table of Contents
Key Takeaways (30s Read)
The USD continues to weaken, approaching a DXY index level of 98.00.
Acceleration of Dollar Weakness
Following the Federal Reserve meeting, the US Dollar (USD) has continued to slide, with the Dollar Index (DXY) nearing 98.00. The downward shift in rate expectations combined with seasonal pressures has intensified the bearish sentiment surrounding the dollar. Analysts suggest that the Fed's decision has negatively impacted investor sentiment, leading to increased selling of the dollar.Impact on DXY
As DXY approaches the 98.00 mark, the future price behavior of the dollar needs to be monitored closely. The USD could face heightened volatility due to upcoming factors. Unless there are signs of support or reversal for the dollar, the current trend is likely to continue. Investors should prepare for potential developments while carefully considering risks.AI Analyst
AI Opinion
"The ongoing decline of the US dollar appears to be driven by the Fed's policy decisions, particularly with the market's shifting rate expectations having broad implications. As the DXY approaches the psychological level of 98.00, traders will likely be more sensitive to this signal. A breach below this level could raise concerns about further bearish sentiment, potentially affecting other vulnerable asset classes. Therefore, it is crucial to maintain stringent risk management and reassess long-term strategies."
RECOMMENDED BROKER Trusted Broker
Maximize This Opportunity.
Turn AI-detected market inefficiencies into profit with industry-leading specs. There's a reason pros choose Exness.
Raw Spreads
0.0 pips~
Leverage
Unlimited
Execution
Instant
AI Market Analysis Team
Combining advanced AI algorithms with professional trader insights. We analyze market drivers 24/7 to provide objective trading scenarios.