Dollar is a global currency and is used worldwide for trading in traditional and digital marketplaces. Even though valuation and devaluation of a currency strongly depends on the economic parameters but it has always been using against all the pairs in forex trading, Cryptocurrency, stocks and bonds. Hence it has some psychological effects too, which keep the DXY bullish. However, by the recent fundemmentals we are observing US is talking to raise their interest rates nearly which is impacting dxy in the stock markets. While technically, DXY is observed changing in trend, if it breaks the 96.800 the dollar may hit 100 on index In a couple of weeks.
