Dollar Index Reacts and Recovers After Employment Data
According to Odaily, the Dollar Index regained strength after a decline with the release of the non-farm payroll report. Commerzbank analyst Antje Praefcke noted that, despite the initial negative market reaction, investors did not begin to consistently price in a possible interest rate cut by the Federal Reserve as early as January of next year. As a result, the requirement for a new rate reduction has increased, allowing for a partial recovery of the dollar.
