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Dollar Index holds gains after Fed keeps rates unchanged

Technical Analysis
By Ahmed Ashraf
Dollar Index holds gains after Fed keeps rates unchanged
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DOLLAR INDEX

مؤشر الدولار 8-5-2025

The US Dollar Index is trading above the support level of 98.25, and prices are likely to move sideways between the aforementioned support area and the resistance level of 101.25 during today’s trading session.

Support

 98.25 95.50 –
Resistance 101.25 103

104.25

The US Dollar Index (DXY) recorded a notable increase of 0.49%, reaching 100.1055 its highest level in two weeks  after opening the session at 99.77 and hitting an intraday low of 99.61.

This upward movement is supported by several factors, most notably the Federal Reserve’s decision to keep interest rates unchanged while emphasizing ongoing inflationary pressures. This stance has dampened market expectations for near-term rate cuts.

On the economic front, investors are closely watching upcoming US labor market data and developments in trade negotiations between the United States and China, both of which could significantly impact the dollar’s performance in the coming days.

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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