USD price action has edged steadily lower since its October 01 swing high measured via the US Dollar Index (DXY). Recent weakness in the broader US Dollar can be attributed to several factors like fading demand for safe-haven currencies as trade relations between the US and China seemingly improve or how the Federal Reserve is inflating its balance sheet at an astonishing rate.
These fundamental headwinds may linger and keep exerting downward pressure on the US Dollar. This is seeing that US-China trade officials confirmed a phase one trade deal has finally been reached between Washington and Beijing, which will likely continue to fuel appetite for risk.