๐ต๐ The US Dollar Index DXY is stabilizing above the 98.00 level as caution grows in the markets
๐น The dollar has trimmed some of its losses with rising tensions between ๐บ๐ธ๐ฎ๐ท after gunfire exchanges in the Strait of Hormuz ๐ขโ ๏ธ
๐น Any progress in the ceasefire talks has started to stall, which has rekindled demand for the dollar as a safe haven ๐ฆ๐ฐ
๐น Markets are still on edge awaiting the US Non-Farm Payroll (NFP) data ๐๐
๐ Summary:
The dollar is moving within a tight range near 98, supported by geopolitical tensions, but its next direction heavily relies on upcoming employment data and US monetary policy โก๐บ๐ธ
#marshcypto @MarshCrypto
๐น The dollar has trimmed some of its losses with rising tensions between ๐บ๐ธ๐ฎ๐ท after gunfire exchanges in the Strait of Hormuz ๐ขโ ๏ธ
๐น Any progress in the ceasefire talks has started to stall, which has rekindled demand for the dollar as a safe haven ๐ฆ๐ฐ
๐น Markets are still on edge awaiting the US Non-Farm Payroll (NFP) data ๐๐
๐ Summary:
The dollar is moving within a tight range near 98, supported by geopolitical tensions, but its next direction heavily relies on upcoming employment data and US monetary policy โก๐บ๐ธ
#marshcypto @MarshCrypto