US Dollar Faces Critical Support Levels Amid Mounting Pressures
The US Dollar Index has plunged nearly 10% since early 2025, hitting a three-year low at 97.60 last week. Technical indicators now point to critical support levels at 95 and 90, with the latter representing pandemic-era territory. The Fed''s anticipated rate cuts and accelerating de-dollarization trends threaten further downside.
Inflation remains a wildcard. May''s 2.4% US CPI print coincides with global currency recalibration, creating uncertainty for monetary policymakers. Market watchers are scrutinizing the 95 level as a make-or-break zone—a breach could trigger accelerated declines toward the 90 handle.