Dollar Index Strength May Drag Euro Lower Amid Global Market Trends

The Dollar Index has maintained its strength above 100 and is expected to rise further. This surge in the dollar index may have a negative impact on the Euro, potentially dragging it lower.

Meanwhile, the USDJPY pair has pulled back from its recent high after surging on Friday following the Bank of Japan's 25-bps rate hike. Despite this dip, analysts believe that the USDJPY can rise again and even reach new highs if it stays above its immediate support level.

The EURJPY may also see an increase in value if it manages to break through its current resistance level. In contrast, the Aussie is seen as a bullish asset and could continue to rise, while the Pound appears weak and may decline further.