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US Dollar Index Plunges Below 100 Mark, Losing 15 Points in Volatile Trading
The US Dollar Index (DXY) experienced a significant plunge during today’s trading session, breaching the critical 100 level with a sharp 15-point decline. Market data shows an intraday drop of 0.21%, signaling weakness in the currency’s near-term momentum.
According to ChainCatcher’s latest market report citing Golden Ten Data, this sharp retreat below the 100 threshold represents a notable shift in dollar strength. The 15-point correction marks a substantial move in a single trading session, reflecting increased pressure on the currency as traders reassess macro conditions.
The breakthrough below 100 carries technical significance for currency traders, as this level has served as a key psychological support. The swift penetration of this barrier suggests building bearish sentiment toward the dollar’s near-term trajectory.