DXY Holds Close to 6-Month High

2025-11-20 13:56 By Agna Gabriel 1 min. read

The dollar index hovered just below 100.2, not far from a six-month peak touched earlier in the session, as investors digested mixed US labor data and fading expectations for a December Federal Reserve rate cut.

The greenback initially firmed ahead the release of September’s delayed jobs report, which showed nonfarm payrolls rising by 119,000 and the unemployment rate edging up to 4.4%, signaling a labor market that is cooling but still broadly resilient.

Hourly earnings increased 0.2%, while separate figures showed jobless claims slipping to 220,000, underscoring employers’ reluctance to shed workers despite uncertainty.

Traders now see only modest odds of a December rate reduction after Fed minutes revealed officials were inclined to keep policy steady.

With the jobs report the only major labor data ahead of the next FOMC meeting, markets remain cautious, keeping the dollar supported near recent highs.



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