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2025-09-16 16:23:52
[Analyst: Technical Weakness May Expose Further Downside to the US Dollar Index] ⑴ Market analysis shows that the fragile US dollar could decline further due to a combination of market positioning, fundamentals, and technical factors. ⑵ The US dollar remains under pressure as speculative short positions have not yet reached a sufficient level to halt the decline. Insufficient buying volume and buy stop-loss orders suggest further downside for the US dollar. ⑶ The dollar's decline stems from investors' strengthened expectations that the Federal Reserve will cut interest rates this week and continue to ease policy. The US dollar index has fallen to its lowest level since July. ⑷ Technically, the US dollar index remains capped below the 98.311-98.876 cloud on the daily chart, maintaining its overall bearish trend. The 14-day momentum indicator remains negative, highlighting technical weakness. ⑸ Only a breakout and sustained position above the daily cloud can reverse the current downward trend.
