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US Dollar Index Price Forecast: Faces selling pressure ahead of US CPI data

The US Dollar (USD) is under pressure against its major currency peers during the European trading session on Wednesday. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is down 0.1% to near 99.90.

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The US Dollar (USD) is under pressure against its major currency peers during the European trading session on Wednesday. As of writing, the US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, is down 0.1% to near 99.90.