Dollar Index Drops Below 100 for First Time Since April 2022
The Dollar index (DXY) has fallen below 100 for the first time since April 2022, a decline of over 10% from its recent high of 110. This marks the lowest level in three years.
- Investor sentiment is shifting away from U.S. assets due to escalating trade tensions with China.
- China has increased tariffs on U.S. goods from 84% to 125% amid the ongoing trade dispute.
- Bitcoin remains resilient, trading above $81,000.