Dollar is a global currency and is used worldwide for trading in traditional and digital marketplaces. Even though valuation and devaluation of a currency depend upon the economic parameters but it has always been using against all the pairs in Forex Trading, Cryptocurrencies, stocks and bonds. Hence it has some psychological effects too, which keep the DXY Bullish. However, by the recent fundamentals we are observing USA is talking about raising their interest rates and increase in employment ratio which is impacting DXY in the stock markets. While technically, DXY is observed changing the trend, if it breaks the 96.800 the Dollar may hits 100 on index in a couple of weeks.
