US Dollar Index Drops Toward Two-Month Low Near 99.40

The US Dollar Index fell for a second consecutive day on Wednesday, unable to hold above the psychologically important 100.00 threshold. The decline comes as bearish momentum builds, putting the two-month low around 99.40 in focus.

Traders are watching the 99.40 area as a critical support level; a sustained break below could open the door to further downside. The index’s failure to consolidate above 100.00 has reinforced the near-term negative bias.