The US Dollar Index (DXY) remained strong, trading above 107.00, driven by persistent inflation concerns and rising US Treasury yields. November’s Producer Price Index (PPI) showed higher-than-expected inflation, but markets are still anticipating a 25 bps Federal Reserve rate cut next week, potentially with a hawkish tone signaling a pause in January.
While the Dollar faced some profit-taking and mixed sentiment due to Chinese economic data and stimulus measures, it maintained its ground. Technically, the DXY shows resilience but may face resistance near 107.00-107.50, with limited short-term upside momentum.
https://www.fxstreet.com/news/us-dollar-holds-its-ground-on-quiet-friday-202412131835


