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US Dollar Index Futures - Jun 24 (DX)

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	Symbol	Exchange	Currency
	DX	Derived	USD	Real-time
	DXc1	ICE	USD	Delayed
	DXc2	ICE	USD	Delayed
	DXc3	ICE	USD	Delayed

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105.655 -0.109 -0.10%

- Real-time derived data. Currency in USD ( Disclaimer )

Type: Financial Future

Month: Jun 24

Underlying: US Dollar Index

Prev. Close: 105.764
Open: 105.790
Day's Range: 105.575 - 105.840

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Majed Abbas Mar 24, 2020 10:07PM ET

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Can anyone kindly explain to me why dollar is going down?, is there a chance it might get back up? Or at least maintain it position?. Thank you.

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Majed Abbas Mar 24, 2020 10:07PM ET

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The thing is I changed all my dollars to Turkish lira, I thought dollar is going up, therefore Turkish lira should go down, soon after that dollar stat decreasing and I already lost about $1200

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Ongo Gablogian Mar 24, 2020 10:07PM ET

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Majed Abbas It will depend on what happens these next few weeks and how much the FED inflates the market. Generally, during a global recession the dollar rises in value and then quickly drops again. Most countries are fleeing to sell all their assets for the U.S. dollar. I'm not sure how things are in Turkey because of COVID-19 but I predict the U.S. dollar going up over the month or so and then sharply declining.

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TradePA Mar 24, 2020 10:07PM ET

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Dollar is on an long term downtrend. Which that recent spike was a false break out. Its heading down towards 70-80 over the long term. There is only up and down within flucuations but it is an downtrend overall. It had a powerful divergence since 2018. But its gonna end here.

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Ongo Gablogian Mar 24, 2020 10:07PM ET

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Nigel Ng you're just worried about your trades. don't see any reason this couldn't go up to 107-120 soon. It's gone higher than that in previous global recessions.

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Ongo Gablogian Mar 24, 2020 10:07PM ET

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Nigel Ng yes, long-term I agree dollar will drop. But stimulus debt is deflationary short-term. Global recessions have always boosted the dollar, same will happen this time around.

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Recent Quotes

	Name	Price	Chg.	Chg. %
	Dollar Index	105.655	-0.109	-0.10%