DXY reclaimed 97.70 but could pull back early next week. A dip into 97.70—or even 97.50—might bring buyers back, opening fresh shorts on EURUSD, GBPUSD, and others. How are you trading the dollar? #DXY #forextrading #forex | Daily Price Action

U.S. President #DonaldTrump has claimed he can influence the value of the dollar, saying he could make it rise or fall “like a yo-yo.” His remarks come as the U.S. currency weakens sharply, with a key #dollar index hitting its lowest level since 2022. After this comment the U.S. Dollar witnessed a drop. #Trump said he wants the dollar to settle at a “reasonable level,” without elaborating on specific policy steps. The comments have drawn attention as the euro strengthens against the dollar, rais