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DXY. Price Analysis. Forecast. The U.S. Dollar Faces Challenges
On Thursday, the U.S. Dollar Index
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On Thursday, the U.S. Dollar Index (DXY), which tracks the dollar's value against a basket of currencies, was struggling to build on the moderate gains seen the previous day. After the release of disappointing U.S. Consumer Price Index (CPI) data, Wednesday's gains were completely erased by downward pressure. This data will play a crucial role in determining the next steps the Federal Reserve will take regarding interest rates.Despite the Fed's cautious outlook, amid clear signs of a weakening U.S. labor
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Irina Yanina,
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