Dollar Index Falters Amid BoJ Hike Speculation

The US Dollar Index (DXY) is struggling to hold its ground after briefly reaching 100.00 due to speculation that the Bank of Japan may raise its policy rate, causing the dollar's gains from the previous week to pare down.

The August Nonfarm Payrolls came in stronger than expected at 162K, but the index quickly retraced, showing bearish sentiment creeping back in.

Markets are now focusing on upcoming inflation releases, particularly the Consumer Price Index (CPI), which will be a key driver of near-term volatility.