The US Dollar Index (DXY) Returns Above 99, Reaching a Near 6-Week High
BlockBeats News, May 18th, according to market data, the US Dollar Index (DXY) has returned to above 99, hitting a nearly 6-week high, currently trading at 99.18.
It is worth noting that the last time the US Dollar Index was above 99 was back on April 8th when the price of Bitcoin was at a low of $71,000. This price level also marks the starting point of the current rally away from the bottoming range.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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