On the 14th, the dollar index settled at 99.135, showing minimal change from the previous session, signaling a period of consolidation in the foreign exchange market.
Investor Caution Takes Hold
The greenback lacked clear momentum as traders awaited upcoming economic indicators. Key data releases, including inflation and employment figures, are expected to shape expectations for the Federal Reserve's policy trajectory in the months ahead.
Global Currencies Remain Range-Bound
The euro held near 1.0850 against the dollar, while the pound and yen showed limited movement. Emerging market currencies also remained stable, reflecting balanced global capital flows.
- The dollar index has fluctuated less than 0.6% over the past five sessions
- US Treasury yields dipped slightly, with the 10-year note around 4.2%
- Markets still price in two rate cuts by the Fed this year
Analysts suggest the dollar’s near-term direction will hinge on incoming data. Stronger-than-expected inflation could revive tightening concerns, while softer numbers may reinforce bets on rate cuts and weigh on the currency.