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Figure Heloc 
The US Dollar Index (DXY) fell toward the 97.90 region on Friday, pressured by improving risk sentiment and easing safe-haven demand after reports suggested the United States (US) and Iran are still attempting to preserve a fragile ceasefire framework despite renewed military incidents in the Middle
💡 DMK Insight
The DXY’s drop towards 97.90 signals shifting market dynamics worth watching closely. Improving risk sentiment often leads to a weaker dollar as traders seek higher-yielding assets. This could impact forex pairs like EUR/USD and GBP/USD, where a weaker dollar typically supports upward movement. If the DXY breaks below 97.80, it could trigger further selling pressure, pushing it towards the next support level around 97.50. On the flip side, if geopolitical tensions escalate, we might see a quick reversal as safe-haven demand spikes again. Keep an eye on economic indicators like upcoming US job reports, which could influence dollar strength and market sentiment. For now, monitor the DXY closely; a sustained move below 97.80 could open the door for a more significant bearish trend, while any signs of renewed conflict could flip the script.
📮 Takeaway
Watch for the DXY to hold below 97.80; a break could lead to further declines, impacting major forex pairs.
