DXY Index exhibits mild losses at 105.35, indicating a modest bearish trend. Market attention is centered on conservative Fed comments and April inflation expectations that could shape US Dollar outlook. Bets on the Fed remain steady and also lend support ot the USD. The US Dollar Index is trading mildly lower at 105.35 on Monday at the midpoint of the US session.
However, the fact that the Index still remains above both the 100 and 200-day SMAs may hint toward potential long-term bullish pressure. US Dollar FAQs What is the US Dollar? The US Dollar is the official currency of the United States of America, and the ‘de facto’ currency of a significant number of other countries where it is found in circulation alongside local notes.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: