Analyst: The US dollar at 18-month highs sparks debate among analysts about trend lines
2026-10-12 13:56:43
According to CoinMeta, the US Dollar Index (~BJW_KEEP_00002_) remained around 102.2 in the early hours of Monday, near its 18-month high set last week. As tensions in the Middle East escalated, investors remained cautious, and analysts had differing opinions on the next move for the dollar. Although the US Dollar Index rose by nearly 2% in September, macro strategist ~BJWKEEP_00001_ expects that the dollar's gains will encounter resistance at the trendline. Trader ~BJW_KEEP_00003_ also predicts that the dollar will strengthen, which will have a direct impact on digital assets. He said, "I believe the dollar is preparing for another significant rise." The Consumer Price Index (~BJW_KEEP_00004_) report on Wednesday will be the focus of market attention and may influence the Federal Reserve's interest rate decisions.
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Source:BeInCrypto
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