Dollar Index Dips Amid Lower US Employment Data

The US employment data and Non-Farm Payroll (NFP) numbers released on Friday led to a dip in the Dollar Index, causing it to trade within the range of 100.30-99.30/99.00 for the near term.

This development has kept the Euro within the narrow range of 1.16-1.15.

The USDCNY can target 6.70 in the near term while below 6.75, and USDINR could trade within 94.90-95.50 in the early sessions of the week before showing any attempt to rise beyond 95.50.

The US Treasury and German Yields remain bullish, holding higher after their strong bounce on Thursday last week, with supports there to limit their downside.