The US Dollar (USD) remained subdued in overnight trading, reflecting a lack of fresh catalysts to drive movement. With most major central bank decisions already priced into the market, the Dollar Index (DXY) was last seen at 99.19. This stability suggests traders are adopting a cautious approach, awaiting clearer signals for future direction.
In the absence of significant economic data, the USD's performance against other major currencies, such as the Euro (EUR), is also muted. Analysts from OCBC, Frances Cheung and Christopher Wong, highlight that the current exchange rate dynamics may limit volatility, leaving the forex market in a holding pattern until new developments emerge. As traders continue to assess the broader economic landscape, the USD's trajectory will likely depend on upcoming central bank communications and geopolitical events.
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Data Source: FX Killer Analysis Team Updated: 2025-12-03 08:55
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.