The US Dollar Index (DXY), which gauges the USD against a basket of six major currencies, is trading around 99.30 during the Asian session on Friday, slightly lower after modest gains in the previous trading day. The recent dip comes on the heels of positive jobless claims data, reinforcing expectations that the Federal Reserve may pause rate hikes in the near term.
The exchange rate dynamics reflect a cautious sentiment in the market as traders assess the implications of the job market's resilience. As the DXY hovers near the 99.50 level, fluctuations in the USD are impacting key currency pairs, including EUR/USD and GBP/USD, as investors remain vigilant for signals regarding future monetary policy direction.
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Data Source: FX Killer Analysis Team Updated: 2026-01-16 04:39
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.