💸 The US Dollar Under Pressure Again!

In the second half of this week, the US Dollar (USD) continues to decline amid increasing downward pressures, as the US Dollar Index (DXY), which measures the currency's strength against a basket of global currencies, has fallen.

📉 This decline comes in conjunction with weak economic data and growing expectations that the Federal Reserve may move towards lowering interest rates in the upcoming period.

📊 In contrast, investors have started to turn towards alternative assets such as gold and cryptocurrencies, especially amid the uncertainty prevailing in the markets.

Do you think this is the beginning of a new weakness cycle for the dollar?

Share your opinion in the comments 💬