DXY Forecast: Decline to Accelerate Below 99.40

The US Dollar Index (DXY) was marginally higher on Monday, hovering near the 99.40 level after Friday's steep decline. The slight rebound pauses the greenback's recent slide as traders assess the sharp move.

Technical outlook suggests the decline could accelerate if DXY slips below 99.40. This threshold is seen as a key support level that, if broken, may open the door to further losses.

At press time, the index was attempting to stabilize above this critical mark, leaving its short-term direction in focus.