The US Dollar Index (DXY) has surged above the 100.00 mark, currently trading at approximately 100.30 during Asian trading hours on Thursday. This marks the fifth consecutive session of gains for the USD, reflecting growing strength against a basket of six major currencies. The anticipation surrounding the upcoming September Non-Farm Payroll (NFP) report seems to be fueling this bullish momentum, as traders assess potential impacts on monetary policy.
As the DXY approaches five-month highs, the exchange rate movements could significantly influence forex trading strategies. Major currency pairs, including the EUR/USD, may experience heightened volatility in response to the NFP data release. Market participants are keenly observing how the employment figures will shape expectations for future interest rate adjustments by the Federal Reserve, adding further layers to the dollar's strength in the global forex landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-11-20 04:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.