Dollar Index Remains Stable Amid Holiday Trading

According to ChainCatcher, institutional analysis suggests that the U.S. dollar remains stable against a basket of currencies during the quiet holiday trading period, due to a lack of new catalysts. The dollar index is currently steady at 98.01. Data indicates that the dollar index (DXY) has declined nearly 10% this year. U.S. President Donald Trump's trade policies and the Federal Reserve's rate-cutting cycle are the primary factors contributing to the dollar's weakness this year.