The US Dollar Index (DXY) has continued its upward trajectory, trading at approximately 98.60 during European hours on Friday. This marks the third consecutive session of gains for the index, which measures the USD against six major currencies, including the EUR and GBP. Traders are keenly awaiting the upcoming University of Michigan Survey data, which could further influence the exchange rate dynamics.
As the DXY strengthens, the implications for major currency pairs are significant. The rise above the 98.50 level indicates increased demand for the USD, potentially impacting the EUR/USD and GBP/USD pairs. Market participants are closely monitoring these movements, as shifts in the dollar's value could signal broader trends in global economic sentiment and monetary policy expectations.
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Data Source: FX Killer Analysis Team Updated: 2025-12-19 08:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.