USD Index wobbles around 103.50 despite solid NFP – by pabspiovano DollarIndex NFP Employment Majors Currencies
: Persistent debate over a soft/hard landing of the US economy. Terminal Interest rate near the peak vs. speculation of rate cuts in late 2023/early 2024. Fed’s pivot. Geopolitical effervescence vs. Russia and China. US-China trade conflict.Now, the index is losing 0.04% at 103.52 and faces the next support at the 100-day SMA at 102.91 followed by the 55-day SMA at 102.41 and finally 101.01 . On the upside, the breakout of 104.69 would open the door to 105.58 and then 105.88 .
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