DXY Volatility Peaks as NFP Takes Center Stage

The US dollar index (DXY) has historically been volatile in September, with average high-to-low ranges of around 3.8%.

This month's data releases, including ISM services and nonfarm payrolls (NFP), could contribute to increased volatility as traders seek clues on Federal Reserve policy.

Average returns for the DXY in September are minimal at 0.1%, with a slight edge to bulls due to a 56% win rate.

However, the return profile remains close to coin-toss territory, and down months have been slightly larger than up months, averaging -2.2% versus +1.9%