The US Dollar Index (DXY) has gained momentum, trading above the 99.00 level, specifically around 99.15 during the early European session on Thursday. This uptick follows robust US retail sales data, which has bolstered confidence in the strength of the USD against a basket of six major currencies. The positive sentiment is evident across various currency pairs, influencing trading strategies in the forex market.
Market participants are now looking ahead to the weekly US Initial Jobless Claims report, expected to provide further insights into the health of the labor market. A strong performance in these claims could reinforce the USD's bullish trajectory, potentially affecting the exchange rates of key currency pairs like EUR/USD and USD/JPY. The ongoing fluctuations in the DXY highlight the market's responsiveness to economic indicators and their implications for trading strategies.
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Data Source: FX Killer Analysis Team Updated: 2026-01-15 06:33
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.