More losses towards 90.00 look likely

  • The DXY accelerates lower and is trading closer to 90.00.
  • Further south emerges the May low at 89.98.

The US Dollar Index (DXY) is down for another session and gradually approaching key support in the 90.00 neighborhood.

The continuation of this pullback carries the potential to revisit the monthly lows in the 90.00 / 89.95 band (May 11 low).

Meanwhile, and looking at the more global scenario, while it is below the 200-day simple moving average, today at 91.83, the outlook for the dollar is forecast to remain negative.

DXY day chart

DXY

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