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Has the Dollar Index Found a Bottom?

Foreign Exchange & Fixed Income

Andrew Hecht

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July 22, 2025

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Barchart

The U.S. dollar index has declined steadily from the January 2025 high of over 110 to the July 2025 low of 96. The index is currently near its recent low in a bearish trend, with U.S. interest rate and tariff policy weighing on the world’s reserve currency.

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