US Dollar Index Holds Near 97.70; Bullish Potential Intact

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FOMC Minutes Support Dollar
Hawkish January Fed Minutes revealed deep division over rate cuts timing. Several officials cautioned against easing too early amid inflation concerns.

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Rate Cut Bets Tempered
Strong January jobs report plus cautious Fed stance reduced aggressive easing expectations, supporting dollar at one-week high near 97.70 level.

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Geopolitical Risks Rise Reports of potential US military strikes on Iran this weekend boost safe-haven dollar demand despite upbeat global market sentiment.

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Market Still Eyes Cuts
Traders price in at least two Fed rate cuts in 2026 after softer US consumer inflation data released last Friday.

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Key Data Ahead
Focus shifts to US Personal Consumption Expenditure Price Index on Friday, which will provide fresh direction for dollar strength.

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US Dollar Index Holds Near 97.70; Bullish Potential Intact

FOMC Minutes Support Dollar Hawkish January Fed Minutes revealed deep division over rate cuts timing. Several officials cautioned against easing too early amid inflation concerns.

Rate Cut Bets Tempered Strong January jobs report plus cautious Fed stance reduced aggressive easing expectations, supporting dollar at one-week high near 97.70 level.

Geopolitical Risks Rise Reports of potential US military strikes on Iran this weekend boost safe-haven dollar demand despite upbeat global market sentiment.

Market Still Eyes CutsTraders price in at least two Fed rate cuts in 2026 after softer US consumer inflation data released last Friday.

Key Data AheadFocus shifts to US Personal Consumption Expenditure Price Index on Friday, which will provide fresh direction for dollar strength.

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FOMC Minutes Support Dollar
Hawkish January Fed Minutes revealed deep division over rate cuts timing. Several officials cautioned against easing too early amid inflation concerns.

Rate Cut Bets Tempered
Strong January jobs report plus cautious Fed stance reduced aggressive easing expectations, supporting dollar at one-week high near 97.70 level.

Market Still Eyes Cuts
Traders price in at least two Fed rate cuts in 2026 after softer US consumer inflation data released last Friday.

Key Data Ahead
Focus shifts to US Personal Consumption Expenditure Price Index on Friday, which will provide fresh direction for dollar strength.