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Fed statements drive the dollar higher

Technical Analysis
By Ahmed Ashraf
Fed statements drive the dollar higher
0 3

DOLLAR INDEX

مؤشر الدولار الأمريكي 30-10-2025

U.S. Dollar Index is trading below the resistance area of 99.25, and prices are likely to move sideways between this resistance level and the support area of 97.25 during today’s session.

Support

 97.25 96
Resistance 99.25

100.25

The U.S. Dollar Index (DXY) recorded a notable rise during today’s session, trading near the 99.25 level, supported by increased demand for the greenback following the Federal Reserve’s cautious remarks regarding the path of rate cuts in December. The advance reflects a renewed sense of confidence in U.S. monetary policy, with sustained demand for the dollar as a safe haven amid global market volatility.

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Ahmed Ashraf

Technical Analyst & Economic Researcher at LDN Global Markets

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