The US dollar rebounded on Friday following the release of data showing that the world's largest economy generated significantly more jobs than anticipated last month. This suggests that the Federal Reserve may postpone its easing cycle this year.

Last Friday marked the third consecutive day of strength for the US dollar, with the USD Index (USDX) surpassing 106.00, a level not observed since early November.

The US dollar index maintained its position near its all-time lows since mid-January. Ahead of pivotal US inflation data anticipated later this week, investors refrained from dramatic action.

The US Dollar Index (USDX) has re-entered the limited range within the past two weeks, regaining its opening level from Monday.

The US Dollar Index (USDX) recommenced its bearish trend, culminating in its most modest weekly close since July after the Fed’s December meeting.

EURUSD maintained a strong bullish stance after the US CPI release, pushing the price to be stable above the 1.0800 psychological level. However, the price may face a challenge to overcome the 1.0945 resistance level before forming a stable trend.

The US Dollar Index (USDX) showed extensive volatility in recent weeks, whereas the latest daily chart shows bearish pressure from the dynamic 20 EMA. A higher CPI could work as a bullish factor for DXY bulls.

US Dollar Index (USDX) Forecast: The U.S. dollar experienced bullish pressure on Wednesday, supported by its reputation as a safe-haven asset and the upbeat U.S. data.

A comprehensive guide to the US Dollar Index (USDX), analyzing factors and impacts.

Indices analysis for the US Dollar Index including composition, impacting factors, trading strategies, and benefits.