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The U.S. Dollar Index reaches new levels

Technical Analysis
By Ahmed Ashraf
The U.S. Dollar Index reaches new levels
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DOLLAR INDEX مؤشر الدولار الأمريكى 13-2-2025

The U.S. Dollar Index is trading around the 108 support zone and is likely to break lower, retesting the 105.60 area. This scenario would be invalidated if the index breaks above the minor resistance level of 109.25 in today’s trading.

Support

 108 105.60 104.25
Resistance 109.25 110.25

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The US Dollar Index (DXY) witnessed relative stability today, declining by 0.03% to reach 107.88 points after hitting a one-week high of 108.52 points in the previous session.

This stability comes following the release of the US Consumer Price Index (CPI) data, which showed a 0.5% increase in January, exceeding the expected 0.3%. This rise reinforces expectations that the Federal Reserve will maintain high interest rates for a longer period.

Overall, the performance of the Dollar Index today reflects a balance between the pressures resulting from rising inflation rates and optimism surrounding geopolitical developments.

You can now benefit from LDN company’s services through the LDN Global Markets trading platform.

Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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