The US Dollar Index (DXY) is experiencing a downturn, trading around 98.20 during the Asian session on Tuesday. This marks the second consecutive session of losses for the index, which measures the USD against a basket of six major currencies. The current exchange rate reflects ongoing volatility influenced by easing tensions between the US and Venezuela, which have contributed to a shift in market sentiment.
As the DXY struggles near the 98.00 level, traders are closely monitoring currency pairs such as USD/EUR and USD/JPY for potential breakouts or reversals. If the index continues to decline, it could signal a broader trend impacting dollar-denominated assets and global exchange rates. Market participants are advised to watch for any further developments that might influence the USD's trajectory in the coming sessions.
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Data Source: FX Killer Analysis Team Updated: 2026-01-06 05:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.