US dollar index falls below 100
As of March 23, 8 pm, the US dollar index hovered around 99.72 and was blocked for several times to hit 100, an important integer mark. However, the dollar index approached 102 two weeks ago, being ready to break the year high of 103.8 thanks to the latest rate hike by the US Federal Reserve.
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Since the dollar index value of 100 is very important, falling below 100 means that the index is very likely to go down further. The underlying reason for the drop is the overestimated prospect of dollar and dollar assets, which, to a certain extent, reflects that the current economic situation of US is not enough to maintain the stability of the dollar index. In addition, the bias of US President Trump Donald toward mercantilism is causing the rising trend of protectionism, so there is a need to guard against the impact of the dollar asset bubbles.
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