Upbeat NFP Data Spurs Dollar Rally, Market Eyes CPI
Strong NFP data triggered risk-off sentiment, pushing investors to the US dollar. DXY had one of its best weeks recently as markets prepare for CPI release.
DXY
Strong non-farm payrolls (NFP) data prompted a shift toward safe-haven assets, with the US dollar benefiting from risk-off sentiment across global markets. The US Dollar Index (DXY), which tracks the dollar against a basket of major currencies, posted one of its strongest weekly performances in recent history.
Following the upbeat jobs report, market attention now turns to the upcoming Consumer Price Index (CPI) release, which will provide further clues on inflation trends and potential Federal Reserve policy moves.
Source: FXStreet Forex News