Analysts believe the US dollar index will remain stable as the holiday approaches.
AI Summary1 min read
TL;DR
Analysts expect the US dollar index to stay stable during the holiday period due to a lack of new market catalysts, with the index currently flat at 98.01 after a nearly 10% year-to-date decline driven by Trump's trade policies and Fed rate cuts.
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US dollar indexholiday seasonmarket stabilityFederal Reservetrade policies
[Analysis: Dollar Index Remains Stable Ahead of Holiday] According to Mars Finance, citing Jinshi, analysts believe that the dollar is holding steady against a basket of currencies amid a quiet holiday season, lacking new catalysts. The dollar index is currently flat at 98.01. Data shows that the dollar index (DXY) has fallen nearly 10% year-to-date. President Trump's trade policies and the Federal Reserve's interest rate cut cycle are the main reasons for the dollar's weakness this year.