US Dollar Might Fall To 96-97 Range in March 2024
The US dollar Index (DXY) might crash to the 96-97 range during the end of this quarter in March 2024. Local currencies are most likely to rise in the coming months denting the prospects of the US dollar. The DXY index, which gauges the US dollar’s strength against six leading currencies was down 0.25% on Monday. The US dollar is hovering around the 103.8 mark after briefly rising from 102 points early this month. However, the index is dangerously low and close to dipping below the 100 mark. Also Read: BRICS: China Stockpiling 1.39 Million Barrels of Oil Every Day US Dollar Could Crash Towards 96-97 Level in March 2024, Predicts Currency Analyst Source: iStock Leading currency and forex analyst Abhilash Koikkara predicts that the US dollar could fall to the 96-97 level in March 2024. The sharp decline could come after the labor market tightens leading to the erosion of the DXY index. Also Read: BRICS: Chinese Yuan Beats US Dollar as Top Traded Currency in Russia The...