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US Dollar Forecast: Back to the Year-Long Downtrend - Levels for DXY Index, USD/JPY Advertisement US Dollar Outlook: The US Dollar (via the DXY Index) continues to contend with its pandemic trendline, a magnet for price action throughout February. The January US durable goods orders report on Thursday and the January US inflation rate (PCE) report on Friday are the top data releases in the coming days, while Fed Chair Powell’s testimony on Capitol Hill will bring the usual fireworks. US Dollar Looking for Direction The US Dollar (via the DXY Index) continues to contend with its pandemic trendline, a magnet for price action throughout February. Potent catalysts are few and far between over the coming days, with the January US durable goods orders report due on Thursday and the January US inflation rate (PCE) report due on Friday. There’s little else (data-wise) that will help define price action beyond the weekly US jobless claims fig ....