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Forex

US Dollar Index Treads Water Ahead of NFP Data Release

Guavy AI Editorial Team
Instruments
USD
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The US Dollar Index (DXY) remained flat at the start of the week, trading around 101.10 in Asian markets.

This comes as a slew of economic data releases is set to take place this week, with the Nonfarm Payrolls (NFP) for September being a key highlight on Friday.

The NFP data is expected to significantly impact Federal Reserve interest rate expectations, with current CME FedWatch tool readings showing an almost 68% chance of another hike in the October policy meeting.

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