On April 24, I wrote that the dollar index was going “Nowhere Fast” in a Barchart article. The June dollar index futures contract settled at 101.073 on April 24, when I wrote:
Economic and geopolitical events impact the worldwide currency markets, and the events since early 2022 may be changing the dollar’s role in the global financial system. Therefore, the index is a mirage as it only reflects the dollar’s value against foreign exchange instruments issued by U.S. allies.
