$USDC
Here is an update on the US Dollar Index (US Dollar Index – DXY) this morning:
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📊 Current Performance
The index is trading around 98.65–98.70, down approximately –0.2% compared to yesterday's close, and it continues to hover near its lowest levels since 2022.
Following weaker-than-expected US economic data, such as a contraction in industrial retail sales, the dollar has managed to hold its ground, but the index remains under pressure.
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🌍 Influencing Factors Today
1. The anticipated decision of the Federal Reserve during the meeting on June 18–19, with no changes in interest rates expected, but the details of future projections ("dot plot") will be the main focus for investors.
2. Middle East tensions (Israel–Iran) increase demand for the dollar as a safe haven, despite its conflicting impact on oil and other currencies.
3. Weak US economic performance: retail sales fell –0.9% in May, and industrial production was flat; this supports speculation about a potential cut in the fall.
