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Multiple central banks, including the Federal Reserve on Wednesday, are set to announce rate decisions this week — decisions that could significantly influence the trajectory of the US Dollar (DXY).
What could that mean for the US Dollar?

The attached daily chart of the US Dollar Index shows the two dominant cycles clearly pointing lower into late 2026.
Price action has been in a downtrend since late 2025, currently trading near 99.82.
The pink cycle line peaked mid-2025 and is now in its declining phase, suggesting continued pressure on the dollar despite any short-term bounces.
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