Chart of the Day - Thursday, June 26, 2025

🏆  Today's Chart of the Day was shared by Neil Sethi (@neilksethi).
   

• The US Dollar Index ($DXY) has declined every day this week, closing at its lowest level since March 2022.
   
• With just two days remaining in June, Neil points out that $DXY will likely notch its first five-month losing streak since 2017. It's down more than -10% year-to-date, marking its worst first-half performance in nearly 40 years.
   
• After breaking below $100 last month, the path of least resistance remains lower for $DXY. In theory, a weaker dollar should benefit commodities, emerging markets, and other risk assets, such as cryptocurrencies.
   

The Takeaway: The US Dollar ($DXY) is on pace for a five-month losing streak, and its worst first-half performance in nearly 40 years. If it continues to trade below $100, the path of least resistance remains lower.