US Dollar Index is Below 95.00 Level

US Dollar Index is Below 95.00 Level

DXY is in a downtrend in the area below 95.00 on Thursday. DXY is at the lowest levels of 2020 in the band 94.65 / 60. Unemployment Claims are on the agenda of the USA today. The US dollar is expanding from the US Dollar Index (DXY) direction to the area under its main support. US Dollar Index Focused on Datas The index experienced a decrease in the fifth session in a row in the second half of the week. It moved away from the YTD region around 94.60 and entered the oversold territory for the first time since mid-June. The potential COVID-19 vaccine and the robust improvement in the risk complex, in response to good news, in the hope of a strong economic recovery, has been putting the dollar under heavy pressure since late June-early July. In addition, large amounts of monetary incentives around the world have encouraged investors to look beyond the epidemic and focus on more risky assets. Currently, the index is losing 0.13% at 94.85, and the 94.68 level at 94.68 is facing the next support. On the other hand, with a break above the 96.03 level, it is aimed at the 97.55 level and finally the 97.80 level.