US Dollar Index struggles below 98.00 at the start of the week due to tariff concerns and Fed pressures

    by VT Markets
    /
    Jul 15, 2025

    Resistance Levels and Market Indicators

    The DXY has bounced back from a low of 96.38 in July but is still below the important resistance level of 98.00. The 20-day and 50-day Simple Moving Averages (currently at 97.70 and 98.84) show resistance levels that are both moving downward, giving a bearish signal. The Relative Strength Index (RSI) is at 49, indicating neutral momentum for the dollar. Factors affecting the US Dollar include monetary policy from the Federal Reserve, which changes its value through interest rate adjustments and quantitative strategies.

    Looking Ahead

    If there are questions about Powell’s independence, even subtly, markets will likely consider the medium-term effects. Generally, when political pressure is applied to central banks, it tends to add risk rather than lessen it, and this is seen quickly in currency values. We will closely monitor Federal Reserve statements in the days following the CPI report, especially concerning any hinted institutional pressure. Their guidance will either boost market confidence or do little to ease concerns, particularly with rate meetings on the way. Create your live VT Markets account and start trading now.

    here to set up a live account on VT Markets now

    see more

    Back To Top
    server

    Hello there 👋

    How can I help you?

    Chat with our team instantly

    Live Chat

    Start a live conversation through...

    • Telegram
      hold On hold
    • Coming Soon...

    Hello there 👋

    How can I help you?

    telegram

    Scan the QR code with your smartphone to start a chat with us, or click here.

    Don’t have the Telegram App or Desktop installed? Use Web Telegram instead.

    QR code