The US dollar (USD) fell widely against most currencies. The DXY was for the last time at 99.59, the FX analysts of OCCBC, Frances Cheung and Christopher Wong point out.
Risks are seen down
“The safe shelters, including the CHF, JPY and El Oro, were more strengthened at the beginning in reaction to a CNN report that suggests that new intelligence indicates that Israel is preparing for a possible attack on Iranian facilities. But as the session continued, other currencies in the region (including the THB, MyR, KRW) were up to date with the profits.”
“We reiterate that Moody’s’s reduction comes as a timely reminder that an increase in budget deficit in the absence of fiscal discipline and greater political uncertainty (due to Trump tariff American assets, including USD, as well as a more proactive coverage (to reduce exposure to USD) they can weigh on the USD over time, while other currencies benefit. “
“The theme of selling USD in recovering can persist for a longer time. The upward impulse in the daily graph is fading while the RSI fell. Risks are seen down. Support at levels of 99.10. Resistance here at 100.10 (DMA of 21), 100.80 (fibonacci setback of 23.6% of the peak to the minimum of 2025) and 101.40 (DMA of 50).
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
