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TechFlow, November 18 — According to Jinshi Data, the dollar index DXY edged lower today. Jesper Fjarstedt, analyst at Danske Bank, said that the resumption of U.S. employment data releases could increase short-term foreign exchange volatility, especially as several upcoming jobs reports before the Fed's December meeting may trigger significant market swings. If the Fed holds rates steady in December, the dollar will strengthen by year-end.
According to Jinshi Data, the dollar index DXY edged lower today. Jesper Fjarstedt, analyst at Danske Bank, said the resumption of U.S. employment data releases could amplify short-term foreign exchange volatility, especially with several jobs reports due before the Fed's December meeting potentially triggering significant market swings. If the Fed holds rates steady in December, the dollar will strengthen by year-end.
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