Dollar Index Analysis by the Mallicast Team
In the analysis of the Dollar Index for the second week of September by the Mallicast team, an initial correction in the downward movement from last week is expected. However, it is anticipated that after this correction, the price will once again decline. One of the key reasons behind this analysis is that the Federal Reserve has not announced any changes in the unemployment rate in its latest report, indicating stable economic conditions. This stability contributes to sustained downward pressure on the Dollar Index, which may result in further depreciation of the dollar against other major currencies.
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