The US Dollar Index (DXY), which gauges the greenback's strength against a basket of six major currencies, is holding steady around the 98.80 mark during the Asian trading session on Thursday. This stability follows a period of modest gains and reflects market participants' anticipation of upcoming economic indicators.
Traders are closely watching the release of the GDP and PCE inflation data, which could influence the DXY's trajectory. With the index hovering near the 99.00 psychological level, any significant shifts in economic sentiment or data could lead to notable fluctuations in currency pairs, particularly against the EUR and JPY. Market reactions will likely depend on whether the data supports a more hawkish or dovish outlook for the USD in the near term.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2026-01-22 05:53
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.