The US Dollar Index (DXY), which measures the Greenback against a range of currencies, is currently facing challenges around the 100-day Simple Moving Average. After last week’s rebound from its lowest point since early August, the index is trading with a slight negative bias, hovering in the mid-98.00s during the early European session on Monday.
Market analysts suggest that the DXY's struggle to maintain upward momentum could be influenced by mixed economic signals and ongoing geopolitical tensions. As traders monitor key currency pairs, the performance of the USD against the EUR and other currencies will be crucial in determining the index's trajectory in the coming days.
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Data Source: FX Killer Analysis Team Updated: 2025-12-22 09:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.