US Dollar Holds Near 101.40 on Mixed Data, NFP Caution
The US Dollar Index (DXY) held near the 101.40 area, supported by resilient manufacturing activity and elevated long-term Treasury yields, while traders remained cautious ahead of the NFP report.
The US Dollar Index (DXY) steadied around 101.40 on Tuesday, underpinned by mixed economic data and cautious positioning ahead of the nonfarm payrolls release. The ISM Manufacturing PMI for June came in at 53.3, down from 54.0 in May and slightly below market expectations, but remained in expansion territory above the 50.0 threshold.
Long-term Treasury yields stayed elevated, providing additional support for the greenback. Market participants are now focusing on the upcoming NFP data for further directional cues, as central bank remarks added to the cautious tone.
Overall, the dollar's resilience reflects a balance between softening manufacturing data and persistent yield support, with the NFP report likely to determine near-term momentum.
Source: FXStreet Forex News