The importance of US dollar cyclicality- check out the dollar index (USDX) this week

Over the past couple of years at various stages Quick News updates have covered the cyclical nature of dollar price action in any given year and the regularity of how that often plays out. So, to express that in the broadest possible sense we are going to look at the USD index (USDX). That had fallen sharply into the end of 2023. The low seen at the end of December last year was set at 100.61. The start of 2024 saw it rebound and advance for the most part in Q1. That advance later extended into Q2 and the index reached a high at 106.51 during that second quarter. It then started to fall back at start of Q3 and has dropped from around 106.15 at the end of June, to a low seen just earlier this morning at 100.53. So, as you can see, the index has surpassed that low and set lows not seen since the end of December last year. Right now, given the current backdrop and erosion of all the 2024 gains, it would appear the US currency is set for more downside heading into the end of Q3 at the end of September. The index has since edged higher this morning though and currently pushing back above 100.70, as the EUR/USD slips to a new session low close to 1.1175