The US dollar index (DXY) measures the strength of the dollar against other currencies, falling below 100 for the first time since April 2022.
January, research Coindesk Note that the DXY index is reflecting the pattern seen during President Trump’s first term – now it seems to have done it. The index has dropped 10% from its most recent 110 high and is now at its lowest level in three years.
As trade tensions between the United States and China intensify, investor sentiment continues to shift away from U.S. assets, putting further downward pressure on the dollar.
Prior to press time, China announced a hike in tariffs on U.S. goods, from 84% to 125%, indicating a firm stance on ongoing trade disputes.
Meanwhile, Bitcoin (BTC), which recently showed low beta assets, remains resilient compared to stocks and continues to trade for more than $81,000.
