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The dollar drops to its lowest level in 2025

Technical Analysis
By Ahmed Ashraf
The dollar drops to its lowest level in 2025
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DOLLAR INDEX

مؤشر الدولار الأمريكي 17-2-2025

The U.S. Dollar Index is trading below the 108 resistance zone, and prices are likely to decline and retest the 105.60 support zone. This scenario would be invalidated if the mentioned resistance zone is broken to the upside during today’s trading.

Support

 105.60 104.25 –
Resistance 108 109.25

110.25

The US Dollar Index (DXY) saw a significant decline today, falling by 0.37% to close at 107.96 points.

This decline comes amid statements from Federal Reserve Chairman Jerome Powell, who confirmed that there are no plans to cut interest rates in the near future, raising investor caution regarding US monetary policy.

Traders are advised to monitor upcoming economic data and Federal Reserve statements, given their direct impact on the index’s movements.

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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