📉 DXY Takes a Hit – Down Over 0.5% Today
The U.S. Dollar Index (DXY) dropped sharply, sliding more than 0.5% to around 98.3, per recent reports from ChainCatcher and market data.
This move highlights the current choppiness in forex markets and might shake things up for trade flows, commodity prices, and broader risk assets like stocks and crypto.
DXY measures the USD against a basket of major currencies – it's a go-to gauge for spotting macro shifts, Fed moves, and where global money might rotate next..
Keeping an eye on DXY is key right now for gauging dollar strength, inflation plays, and potential flips in equities or digital assets..
What’s your take – bearish on USD for a while, or just a temporary dip? 📊
$RIVER
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