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DXY Looks to Push Below 95

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The Forex Attack Team researches and publishes thought-provoking news, analysis, and opinion pieces on the global financial markets. We provide in-depth coverage of forex, commodities, and indices.

The US dollar has been weakening significantly over the past couple weeks. Today the DXY has fallen as far as 94.83 before recovering slightly. Currently hovering right around the 95.00 level, the greenback is below the 2019 low set in early January of 2019.

The US dollar has recently lost its luster as a safe haven as cases of the coronavirus soar across the US, while europe and other parts of the world appear to have solved the crisis. A close today below the 95 level could signal a bigger move to the downside in the near term.

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