The US Dollar (USD) continued its downward trajectory following the Federal Reserve meeting, with the Dollar Index (DXY) approaching the critical level of 98.00. Analysts at ING, led by Frantisek Taborsky, attribute this decline to a shift in rate expectations and seasonal pressures that have contributed to a bearish outlook for the currency.
As the market adjusts, the weakening USD is influencing various currency pairs, notably against the Euro (EUR). Traders are closely monitoring the exchange rates, as the DXY's movement signals potential shifts in broader market sentiment. The ongoing fluctuations highlight the impact of central bank decisions on forex trading strategies, underscoring the delicate balance between monetary policy and market dynamics.
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Data Source: FX Killer Analysis Team Updated: 2025-12-12 10:48
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.