How low Can the Dollar Go? And What It Could Mean for EUR/USDThe US dollar index has handed back all of its Q4 gains with traders betting that Trump's trade war will do more damage than good to the US economy. I update my levels on the US dollar index and EUR/USD charts then wrap up market exposure to USD index futures.
US Dollar at Breaking Point: China Tariff Clash Risks Collapse Farmers, Boeing, and tech sectors brace for severe damage as USD threatens to break critical 10-year support amid escalating trade tensions.
Technical Breakdown: Crucial USD Zone Under Threat
The US Dollar Index (DXY) currently sits precariously within a critical 10-year support and resistance zone
Bears give the USD a break, EUR/USD pullback may not be overThe retracement higher for the US dollar is finally underway, which also shows further upside potential. And this is why I am wary of being long EUR/USD over the foreseeable future, even if I suspect it is poised to break to new highs in the coming weeks.
Matt Simpson, Market Analyst at City Index
The Dollar's Demise May Not Be Over Just YetThe US dollar index is on track for its worst week in nearly two and a half years. It is also nearly 6% off from the January high, which is similar in depth to the two previous selloffs seen in 2023 and 2024. Yet I do not think we've seen the low just yet, even if there is evidence of a potential bo
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A representation of what an asset is worth today and what the market thinks it will be worth in the future.
Displays a symbol's price movements over previous years to identify recurring trends.
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Frequently Asked Questions
The nearest expiration date for US Dollar Index® Futures is Mar 15, 2021.
Traders prefer to sell futures contracts when they've already made money on the investment, but still have plenty of time left before the expiration date. Thus, many consider it a good option to sell US Dollar Index® Futures before Mar 15, 2021.