The US Dollar Index (DXY) remains stable near the 98.00 level during early European trading hours on Monday, reflecting market caution amid ongoing expectations of potential rate cuts. This steadiness indicates a balancing act as traders weigh the implications of Federal Reserve Chair uncertainty on future monetary policy and its impact on the USD.
As the dollar hovers around this critical level, currency pairs like EUR/USD may experience fluctuations influenced by shifting market sentiment. Traders are closely monitoring developments that could affect exchange rates, particularly as the Fed navigates its next moves in response to economic indicators. The current trading environment suggests a cautious approach as participants assess the potential for further volatility in the forex market.
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Data Source: FX Killer Analysis Team Updated: 2025-12-29 05:28
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.