The US Dollar Index (DXY) is experiencing an upward trend, trading around 98.55 during the early European session on Friday. This increase comes despite recent cooling inflation data, as the market adopts a cautious stance. The DXY's recovery reflects renewed demand for the USD, suggesting that traders are positioning themselves for potential shifts in the economic landscape.
As the DXY strengthens above the key level of 98.50, currency pairs such as EUR/USD are likely to face pressure, with exchange rates reflecting the growing strength of the US dollar. The cautious mood in the market indicates that investors are closely monitoring economic indicators, which could influence future trading decisions and market dynamics in the forex arena.
About FX Killer Trader Incubation Program
Want to become a professional trader? FX Killer offers a completely free professional trader training program. We provide systematic courses, practical training, and professional mentorship to help you grow from beginner to full-time trader.
👉 Join Free Training Program | Trading Psychology Assessment
Data Source: FX Killer Analysis Team Updated: 2025-12-19 05:21
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.