The US Dollar Index (DXY) remained resilient on Monday, trading above the 99.00 level as traders positioned themselves ahead of the Federal Reserve's interest rate decision. The market is keenly anticipating the Fed's announcement, which is expected to influence the USD's exchange rate against major currency pairs like the EUR/USD and GBP/USD.
As the Fed prepares to release a fresh Summary of Economic Projections (SEP), market participants are closely monitoring employment data that could impact the central bank's policy stance. The steady performance of the DXY reflects cautious optimism in the market, with fluctuations likely to follow the Fed’s decision, shaping the trading landscape for the USD in the days ahead.
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Data Source: FX Killer Analysis Team Updated: 2025-12-08 19:16
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.