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The Dollar Index declined with Trump’s first decisions

Technical Analysis
By Shady Fouad
The Dollar Index declined with Trump’s first decisions
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DOLLAR INDEX

DXY 21-1-2025

The U.S. Dollar Index dropped during yesterday’s trading, reaching the support zone of 108. This area is likely to limit the pace of the decline in today’s trading.

Support

 108 105.60 104.25
Resistance 109.25 110.25

–

The US Dollar Index witnessed a significant decline today following statements by President Donald Trump regarding the imposition of new tariffs. Initially, Trump mentioned reviewing trade policies before taking any measures, which led to a drop in the dollar by more than 1% and a rise in currencies linked to it, such as the Australian, Canadian, and Mexican dollars.

Later, he confirmed his intention to impose 25% tariffs on Mexico and Canada in February, causing the dollar to rebound and other currencies to retreat.

This volatility reflects the market’s sensitivity to political statements and their direct impact on the dollar’s value. It is expected that this fluctuation will persist amid changing trade policies, requiring investors to closely monitor developments and make informed decisions based on economic and political updates.

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Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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