Quek Ser Leang, senior technical strategist at UOB's Global Economics and Market Research Department, said that the upward momentum of the US dollar index is beginning to weaken, indicating that there may be limited room for further upward movement. Judging from the recent price trend on the daily chart, the upward trend in the US dollar index since last month may be shifting to a consolidation phase, or weakening moderately.

Quek Ser Leang, senior technical strategist at UOB's Global Economics and Market Research Department, said that the upward momentum of the US dollar index is beginning to weaken, indicating that there may be limited room for further upward movement. Judging from the recent price trend on the daily chart, the upward trend in the US dollar index since last month may be shifting to a consolidation phase, or weakening moderately.