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DXY Faces Mounting Pressure Below Critical Threshold: Traders Watch 100.000 Level
The U.S. Dollar Index (DXY) is currently under immense pressure, having breached crucial support levels as weak bond yields and a slowdown in the Federal Reserve’s quantitative tightening (QT) contribute to bearish sentiment.
As a result of these macroeconomic factors, the dollar has become increasingly vulnerable to further declines, making a long-term rebound appear challenging at this stage.
Source: https://cryptonewsland.com/dxy-faces-mounting-pressure-below-critical-threshold-traders-watch-100-000-level/
