Dollar Index Expected to Rise to 101-101.50 Next Week After NFP Dip
Weaker-than-expected US NFP data triggered a decline in the Dollar Index, but analysts anticipate a gradual recovery towards 101-101.50 next week. US treasury yields remain elevated.
DXY
US treasury yields held higher following the release of weaker-than-expected Non-Farm Payrolls data yesterday, which acted as the primary catalyst for market movement. The Dollar Index declined in response, consistent with prior expectations.
Looking ahead, the index is forecast to slowly recover, potentially reaching the 101–101.50 range next week. Markets are now pricing in a more gradual USD adjustment as attention shifts to today's US session.
Source: FXStreet Forex News