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The dollar declines amid rising fears of an economic recession

Technical Analysis
By Mostafa Mahmoud
The dollar declines amid rising fears of an economic recession.
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DOLLAR INDEX

مؤشر الدولار الأمريكى 8-4-2025

The US Dollar Index is trading above the support level of $101.45, and prices are likely to move sideways within a range between the resistance level of $104.75 and the aforementioned support level.

Support

 101.45​ 100​ –
Resistance 104.75​ 105.80​

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The US Dollar Index saw a clear decline today against a basket of major currencies, due to growing concerns about a slowdown in the US economy following weaker-than-expected labor market data.

This drop coincided with expectations that the Federal Reserve will keep interest rates unchanged for a longer period, reducing the dollar’s appeal as a safe-haven asset and prompting investors to shift towards other currencies such as the euro and the yen.

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Mostafa Mahmoud

Mostafa Mahmoud Technical Analyst at LDN Mostafa has half a decade of experience in the field of financial markets between technical analysis and financial portfolio management, which extends to more than one financial market between stocks, commodities, currencies and the debt markets.

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