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- U.S. Dollar Index to surge higher above 93 on strong NFP report - DBS Bank
U.S. Dollar Index to surge higher above 93 on strong NFP report - DBS Bank
FXStreet reports that economists at DBS Bank expect the U.S. Dollar Index (DXY) to break above the 93-level on strong U.S. jobs figures for August, set to be released on Friday. DXY is currently hovering around 92.50.
“Unless we get a big miss like the April NFP, the DXY index is unlikely to trade below 92 this week. Conversely, a stronger jobs report could propel DXY above 93 too.”
“In the short-term, our models indicate no strong trend in the short-term. Best to pay attention to key levels first."
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