The US Dollar Index (DXY), which tracks the US Dollar (USD) against six major currencies, continues its losing streak for the fifth consecutive day, pressured by declining US Treasury yields.
The US Dollar Index depreciates as market expectations grow for more aggressive Fed rate cuts amid US growth concerns. President Trump exempted Mexican and Canadian goods under the USMCA from his proposed 25% tariffs. The US Nonfarm Payrolls is projected to show job growth, with employment rising to 160K in February. The US Dollar Index , which tracks the US Dollar against six major currencies, continues its losing streak for the fifth consecutive day, pressured by declining US Treasury yields.
Meanwhile, the upcoming US Non-Farm Payrolls report is projected to show a modest rebound, with job additions expected to rise to 160K in February, up from 143K in January. Atlanta Fed President Raphael Bostic commented on Thursday that the US economy remains in a state of flux, making it difficult to predict future developments. Bostic reiterated the Fed’s commitment to bringing inflation down to 2% while minimizing labor market disruptions.
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