DXY: US Dollar Index forecast ahead of high stakes NFP data

The US Dollar Index (DXY) crashed this week, reaching its lowest level since February 2022 as traders waited for the upcoming US nonfarm payrolls data and after Jerome Powell hinted that he may consider cutting rates as early as in July. It dropped to $96.8, down sharply from the year-to-date high of $110.20. US nonfarm […]