The Dollar Index extends losses toward 98.00, boosting major currency pairs while capping USDJPY gains below key resistance.
The US Dollar Index remains on a downward trajectory, testing support near 98.50–98.00. Persistent weakness continues to drive gains in EURUSD, GBPUSD, and AUDUSD, while USDJPY struggles to break higher resistance levels.
Recent moves follow a broader trend of dollar softness, with the index down nearly 2% over the past month. Analysts cite expectations of Federal Reserve rate cuts and shifting global risk sentiment as key drivers behind the currency’s decline.
Market focus remains on upcoming economic data and central bank commentary, which could further influence dollar direction and cross-currency flows.