the weakness of the US dollar

16 ago

1. Recent trend: The top of the chart shows the US Dollar Index Futures currently at 102.250, down 0.705 points or 0.69% from the previous trading day. This short-term decline reflects immediate dollar weakness.
   
2. Long-term trend: From late 2023 to early 2024, the Dollar Index shows an overall downward trend. Although there were some rebounds, the general trajectory remains weak.
   
3. Monthly performance: Looking at the monthly data at the bottom of the chart, we can see poor dollar performance in the first few months of 2024. Notably, May saw a 1.39% decline and July a 1.60% drop, indicating significant dollar weakness in these months.
   
4. Year-over-year comparison: Compared to previous years, 2024 shows relatively weak performance for the dollar. For instance, 2023 had mostly positive growth in many months, while 2024 has seen negative growth in most months so far.
   
5. Technical indicators: The chart shows instances of downward breaks through key support levels, such as the sharp decline in early August, breaking below previous support and further confirming dollar weakness.
   
6. Volatility: Recent candlesticks show larger lower shadows, suggesting selling pressure and insufficient buying power to support prices, reflecting bearish market sentiment towards the dollar.
   

In summary, this chart reflects the dollar's weakness from multiple dimensions, including short-term movements, long-term trends, monthly and yearly performance comparisons, and technical indicators. These factors collectively corroborate the current weak state of the US dollar.