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The U.S. Dollar Index (DXY) continued its upward trend during U.S. trading on Tuesday (October 21), buoyed by stabilizing interest rate expectations and easing global political uncertainty.😂
The index broke through two key technical levels, 98.714 and 98.797, which have now become new short-term support levels. While the 50-day moving average at 98.056 remains a major support level, market attention is now turning to the October 9 high of 99.5549 and, further below, the August 1 high of 100.257.
Drone concept stocks fluctuated and strengthened, with $Joby Aviation (JOBY.US)$ surging 10%, $Archer Aviation (ACHR.US)$ rising more than 7%, $Kratos Security & Defense (KTOS.US)$ rising more than 4%, and $AeroVironment (AVAV.US)$ rising more than 3%.
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