US Dollar Index Struggles Around 95.00

US Dollar Index Struggles Around 95.00

• DXY remains under heavy selling pressure and approaches 95.00. • Better momentum in the risk complex is standing on the dollar. The US dollar accelerated negatively on Tuesday and moved the US Dollar Index (DXY) to its lowest level at 95.00. USD Index Close To 95.00 The index struggles for direction following three consecutive days of retreat and progresses to the last 95.0 levels. Sharp sales in the dollar opened the door to potential testing of the low levels of 2020 near 920, but there is a slight recovery compared to DXY's current oversold conditions. According to the macro perspective, discussions about more stimuli in the US economy have not yet yielded any results, apart from the gathering around the US political scenario. Meanwhile, the dollar remains depressed due to the re-opening of the economy and the promotion of news about a potential coronavirus vaccine.