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DXY Faces Mounting Pressure Below Critical Threshold: Traders Watch 100.000 Level
The U.S. Dollar Index (DXY) is currently struggling to maintain its critical support levels, as a combination of factors continues to fuel bearish sentiment in the market. This decline has led to increased pressure below the threshold level, prompting traders to closely monitor developments and anticipate potential further downward momentum.
Key Market Developments
The DXY has been exhibiting signs of sustained weakness, with recent market moves indicating an inability to maintain support levels. This trend is fueled by declining bond yields and slowing Federal Reserve quantitative tightening (QT).
Source: https://cryptonewsland.com/dxy-faces-mounting-pressure-below-critical-threshold-traders-watch-100-000-level/
