The dollar slumped late in 2023 as the market saw rate cuts but they didn't start until late in 2024 and now some analysts think they're already done, while the Fed funds futures market prices in just 44 bps in easing.
As for the chart, the monthly DXY is looking good here as it breaks the range.
The euro isn't doing much better and is on track to finish just above the November low.
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