Market News / Story
DXY — Dollar Holds Near 17-Month High Despite Falling Yields. Nonfarm Payrolls Up Next.
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Greenback is retaining its strength even as October Fed hike bets retreat. Jobs data looms. Dollar strength survives softer Fed expectations The US dollar index DXY traded near 102.00 Friday, holding around a 17-month high and heading for its third consecutive weekly gain. Its 1% advance this week shows that reduced expectations for an immediate Fed hike have yet to meaningfully weaken demand for the currency. Traders assign roughly 25%–28% odds to an October rate…