The US Dollar Index (DXY) has dipped below the critical 99.00 level, trading at approximately 98.90 during the Asian session on Tuesday. This marks the second consecutive day of losses for the index, reflecting increasing tensions between the US and the European Union. The ongoing geopolitical uncertainties are influencing market sentiment and driving traders to reassess their positions in major currency pairs.
As the DXY declines, the exchange rates for the USD against currencies like the EUR are likely to be impacted. Investors are closely monitoring these developments, as shifts in the DXY can lead to volatility in trading activities across various pairs. The weakening dollar may prompt a reevaluation of risk appetite, potentially affecting the broader forex market dynamics in the near term.
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Data Source: FX Killer Analysis Team Updated: 2026-01-20 06:35
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.