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The dollar is near its lowest level in four months

Technical Analysis
By Ahmed Ashraf
The dollar is near its lowest level in four months
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DOLLAR INDEX

مؤشر الدولار الأمريكي 10-3-2025

The US Dollar Index is trading around the support zone of 103.75, and if it breaks below, we may target the 101.50 area. However, the aforementioned support zone is likely to limit the pace of the decline in today’s trading.

Support

 103.75 101.50 100
Resistance 105.50 108

110.30

The U.S. Dollar Index (DXY) witnessed a significant decline today, registering 103.59 points, approaching its lowest level in four months.

This decline is attributed to investors’ concerns about economic slowdown and rising trade tensions, leading to a decrease in demand for the dollar as a safe-haven asset.

In summary, today’s drop in the U.S. Dollar Index reflects the impact of both technical and economic factors, with expectations of continued selling pressure under the current conditions.

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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