• DXY falls as US-Canada’s commercial dispute escalates.
• American retreat, Dow Jones fell by more than 1%.
• DXY is immersed below 103.50, with markets looking at the further minus.

The American dollar (DXY) continues the spiral down on Tuesday, and the DXY floats nearly 103.40 as trade tensions escalated. The decision of President Donald Trump to boost the tariffs to Canadian steel and aluminum to 50% of rattled markets, increasing further pressure to green place. Meanwhile, in Europe, the German Green Coalition expressed support for the Act on defense expenditure, ensuring additional boost in the euro (EUR). American shares have removed earlier profits, and Dow Jones fell by more than 1%, reflecting wider market fears.

Daily Digest Market Movers: Commercial disputes and politics changes

• The US commercial rift intensified when President Trump moved forward with a keen tariff growth to Canadian steel and aluminum, reaching 50%.
• The German Green Coalition confirmed its involvement in the defense expenditure account, strengthening the euro force in relation to the American dollar.
• The NFIB business optimism indicator for February was compact, reaching 100.7, compared to the previous reading 102.8.
• The CME Fedwatch tool indicates almost certainty that the rates will remain unchanged at the meeting on March 19, while the likelihood of lowering the rate in May increased significantly.

DXY Technical perspectives: Multi-monthly minima as signal indicators

The American dollar indicator (DXY) falls further, sliding the 103.50 key below, which means its lowest level from October 2024. 20-day and 100-day straight average movable (SMA) continue the crossover bears, strengthening the negative rush. The relative force indicator (RSI) and the average mobile convergence (MACD) indicate the conditions sold out, which is suggested by a possible compact -term reflection. However, if the support of 103.30 does not persist, the next inheritance goal is nearly 103.00.