The US Dollar Index (DXY) has dipped to approximately 100.15 during Asian trading hours on Friday, reflecting a negative sentiment in the forex market. This decline follows the release of mixed US jobs data, which left traders uncertain about future interest rate movements. The data's ambiguity has contributed to a lack of confidence in the USD, impacting its performance against major currencies.
As the DXY struggles near the key psychological level of 100.00, the market is closely watching the implications for the EUR/USD and other currency pairs. With the Fed's rate-cut outlook remaining unclear, traders may continue to adopt a cautious stance, potentially affecting exchange rates in the coming sessions. The mixed jobs report has created volatility in trading, highlighting the delicate balance between economic indicators and monetary policy expectations.
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Data Source: FX Killer Analysis Team Updated: 2025-11-21 02:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.