The US Dollar Index (DXY) is currently trading around 98.00, recovering from earlier losses and stabilizing near the 97.90 mark during European trading hours on Wednesday. This slight rebound follows a period of vulnerability for the USD, which had faced downward pressure against major currency pairs, including the EUR and GBP.
Market analysts attribute the DXY's recovery to mixed economic signals and investor sentiment surrounding upcoming economic data releases. As traders adjust their positions ahead of key reports, the exchange rate dynamics suggest a cautious outlook for the USD. The index's ability to maintain its footing around the 98.00 level could serve as a critical support benchmark for the currency in the near term.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-24 09:45
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.