Bybit x FXStreet FX report: USD is oversold as a result of technical indicators and EUR hype

Disclaimer: Please note that Bybit Gold & FX has been renamed to Bybit TradFi as of June 2025. Bybit TradFi is powered by Infra Capital (Mauritius FSC licensed).

Key Highlights:

• US dollar weakness deepens: The US Dollar Index (DXY) is down 8.3% YTD, now near its lowest level since April 2022
• Unusual correlation: Stocks and the dollar are falling together — a rare and troubling signal
• Tariff tensions grow: China exports are facing pressure, and US isolation is weakening global demand for the dollar but a deal with China could restore Dollar Strength
• 90-day countdown: Trump’s tariff delay ends in July, possibly triggering new trade restrictions
• Fed pressure: Trump is attacking Fed independence as interest rate cuts loom
• Technical signals are mixed: The USD may be oversold short-term, but risks remain high

Trade the dollar trend with Bybit with MT5.