The US dollar index fell about 2% in August, with both technical and fundamental factors pointing to continued weakness.
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最新报道：According to Bijie.com, on August 29, the US Dollar Index (DXY) fell about 2% in August, partially erasing its gains in July – the first monthly gain for the dollar since US President Trump was sworn in. Wall Street expects the dollar to extend its year-to-date decline of over 8% as the economy shows signs of slowing and the Federal Reserve appears poised for another rate cut. Trump's questioning of the Fed's credibility and the reliability of economic data has further weakened the dollar's appeal. "The US government's recent actions will have long-term implications," wrote Jayati Bharadwaj, head of FX strategy at TD Securities. "This is eroding the dollar's safe-haven status, and risk premiums should begin to weigh on the dollar." Technical analysis also suggests the dollar is in a clear downtrend. Thursday's options pricing suggests traders expect a modest decline in the dollar over the next three to six months. The dollar index fell below its 100-day moving average in early March and has been under pressure ever since. Two attempts to break above the moving average this month have failed, making it a significant resistance level.
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