The US Dollar Index extends its post-FOMC retracement slide, dropping to weekly lows as the greenback faces sustained selling pressure against a basket of major currencies.
The US Dollar Index is experiencing a sustained downward trend, marking its third consecutive day of losses following the recent FOMC meeting. This retracement has pushed the index toward the lower boundary of its weekly trading range as market sentiment shifts in response to the central bank's latest policy stance.
The DXY is currently in a retracement phase, declining for the third straight day following the FOMC meeting.
It has dropped to the lower end of its weekly range.
The US Dollar Index (DXY) continues its downward trajectory, marking a third straight day of losses. The greenback is currently trading at the lower end of its weekly range as market participants react to the recent Federal Open Market Committee policy update.
The DXY is experiencing a retracement following the recent FOMC meeting, exacerbated by a decline in bond yields.