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Back Fundamental analysis
DXY. Analysis and Forecast
The U.S. dollar index, which tracks
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The U.S. dollar index, which tracks the dollar's value against six major currencies, is trading just above 97.80, attempting to recover recent losses but so far with little success. Recent disappointing U.S. macroeconomic data — including the July NonFarm Payrolls report, which showed signs of labor market weakness — combined with growing expectations that the Federal Reserve will soon cut rates, continue to put pressure on the dollar.According to the CME Group's FedWatch tool, the probability of a Fed rate
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Irina Yanina,
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