DXY Hovers Near Multi-Week Low at 99.65, Extending Decline for Third Day

The US Dollar Index (DXY), a gauge of the greenback’s strength against a basket of major currencies, continues to trade with a negative bias during the Asian session on Tuesday. The index is hovering around the 99.65 level, struggling to find a floor as it extends a losing streak for a third straight day.

This latest decline leaves DXY within reach of a multi-week low, highlighting persistent selling pressure. No immediate catalysts were cited in the initial report, but the sustained move lower reflects broader weakness in the dollar against its peers.

The index’s proximity to recent troughs suggests that a break lower could accelerate the downtrend, though the current 99.65 area is acting as temporary support for now.