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US Dollar Falling: Analyst Recommends Buying New Assets
US Dollar Falling: Analyst Recommends Buying New Assets
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The DXY index, which tracks the US dollar’s performance, has fallen below the 100 mark, currently hovering around 99.30. The currency experienced a 0.74% dip on Monday, leading to heavy bearish sentiments. Traders who went long on the greenback this year are facing losses as their portfolios turned deep red. Taking an entry position now is risky as the US dollar has not bottomed out yet. The downturn follows Trump’s announcement of sanctions on over 185 countries and a subsequent 90-day pause on tariffs after the US stock market crashed, but neither development is helping the USD or the markets.
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