US Dollar Index: DXY supported by peace deadlock and NFP – MUFG
MUFG’s Lee Hardman notes the US Dollar (USD) has rebounded, lifting the Dollar Index (DXY) back above 98.000 as stalled Middle East peace talks and a stronger April Nonfarm Payrolls (NFP) report underpin demand.
The US Dollar Index (DXY) is likely to maintain upward momentum due to continued demand from geopolitical tensions and strong employment data. Expect further strengthening of the USD in the near term.
MUFG’s Lee Hardman notes the US Dollar (USD) has rebounded, lifting the Dollar Index (DXY) back above 98.000 as stalled Middle East peace talks and a stronger April Nonfarm Payrolls (NFP) report underpin demand.
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