Forex
US Dollar Strengthens Amid Hawkish Fed Expectations
The US Dollar Index edged lower to near 101.88, but its outlook remains strong.
Investors are awaiting the September US Nonfarm Payrolls (NFP) data release at 12:30 GMT on Friday.
A hawkish Federal Reserve is expected to hike interest rates further by 100 bps in a one-year timeframe, which has boosted the greenback.
The Fed's increasingly confident stance on rate hikes has provided strength to the US Dollar, with strategists at Brown Brothers Harriman noting that 'USD is up across the board, with the DXY index making new cyclical highs.'