The US Dollar Index (DXY) has experienced significant fluctuations recently, with its lowest level since March 2024 being reported. The index peaked nearly two years ago at around 115.00, and discussions have emerged regarding its potential trajectory amid an anticipated monetary easing cycle. Analysts suggest that a decline to the 88-90 range could be plausible. The market's current bearish trend, which has been in place since July 4, is attributed to expectations of an intra-meeting rate cut by the Federal Reserve. Historical context indicates that in March 2020, the DXY fell sharply following an emergency rate cut by the Fed, highlighting the market's sensitivity to monetary policy changes. Observers are advised to monitor the March lows closely, as a breach of this level could lead to increased volatility in the currency market.