dollar index to 100$

technical detail.
dollar broke out of 4hr supply roof and used nit as support ,dollar to 100$ soon,its evident from EURUSD PRICE ACTION TODAY
fundamental details
The DXY (US Dollar Index) is a benchmark that measures the value of the US dollar relative to a basket of six major global currencies: the euro (largest component), Japanese yen, British pound, Canadian dollar, Swedish krona, and Swiss franc. It serves as a broad indicator of the dollar’s strength or weakness against these currencies
The DXY is trading in the range of 105 to 107, indicating moderate strength in the US dollar.
It reflects the impact of relatively higher US interest rates and bond yields compared to other major economies.
Geopolitical uncertainties and safe-haven demand also support the dollar's position, influencing the DXY.
Key Factors Influencing DXY
Monetary Policy: The Federal Reserve’s interest rate decisions and forward guidance are primary drivers.
Economic Performance: Relative growth, inflation, and employment trends in the US versus other economies.
Risk Sentiment: The DXY often rises during periods of global uncertainty due to flight-to-quality flows into the dollar.
Trade and Capital Flows: Trade balances and foreign investment flows contribute to fluctuations.
Summary
The DXY measures overall US dollar strength against a broad basket of key currencies and is influenced heavily by US monetary policy, economic indicators, and global risk sentiment. It currently shows moderate bullishness, reflecting the Federal Reserve’s tighter policy stance and global economic conditions.