The US Dollar (USD) gained ground as traders adjusted their expectations for Federal Reserve interest rate cuts in 2026. The Dollar Index (DXY) found stability around the 99 level, reflecting a cautious optimism in the markets. This uptick in the USD comes as investors brace for a week filled with crucial US labor and trade data that could further influence exchange rates.
Market analysts from OCBC, including Frances Cheung and Christopher Wong, suggest that the revised Fed outlook has contributed to the dollar's strength against other currencies. As the trading week progresses, the focus will be on how the employment figures and trade statistics may impact the USD's performance against the Euro (EUR) and other major pairs, potentially reshaping the currency landscape.
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Data Source: FX Killer Analysis Team Updated: 2025-12-09 10:24
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.