Forex
Dollar on a Roll: Strong US Data Fuels Hawkish Sentiment
The dollar has seen significant gains this year, with the DXY index nearing its high point at 101.80.
Despite softer-than-expected August US PCE inflation data, Fed tightening expectations remain high due to strong US activity data.
The EUR/USD is testing the lows of the year and appears vulnerable to further decline.
US consumer spending data has been holding up, and payroll growth may be accelerating again, according to the latest ADP report.