Dollar Strength Returns After Payrolls, DXY Briefly Hits 100.1
After the U.S. non-farm payroll release, the U.S. Dollar Index (DXY) moved sharply higher and briefly touched 100.1. The reaction was broad across FX markets, with non-U.S. currencies coming under pressure.
In the immediate move, EUR/USD and GBP/USD both fell by nearly 30 points.
The price action suggests the payroll data strengthened short-term demand for the dollar and triggered a quick repricing across major currency pairs. For now, the market response clearly favors USD strength while pressure remains on major counterparts.