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Dollar Index Surges as Markets Brace for Fed Decision

Published on Jun 10, 2024 12:22

The dollar index climbed above 105 in mid electronic trades today, nearing a four-week high as investors geared up for the Federal Reserve�s interest rate decision and the upcoming consumer price index report. The index saw jump of nearly 1% on Friday, spurred by stronger-than-expected US jobs data. May saw the addition of 272,000 jobs, surpassing April�s revised figure of 165,000. Investors are eagerly anticipating the Federal Reserve`s interest rate decision and key US inflation data, both scheduled for release on Wednesday.

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