Post #15758

Dollar Leads as DXY Eyes 98 Resistance DXY is pushing higher again this morning, leading FX performance on the day. USD/CHF catching a strong bid, up roughly 0.73%. The next key resistance sits just under the 98.00 handle on DXY — likely a pause zone unless fresh data shifts momentum. The dollar is holding firm after the Fed kept rates unchanged, pointing to sticky inflation and resilient growth, while offering little clarity on timing of cuts. That backdrop supports USD stability. Focus now shifts to Non-Farm Payrolls — a decent print could extend this recovery. Expectations sit around +60K jobs for January (vs. +50K prior) with unemployment seen steady at 4.4%. Strong labor = tailwind for USD. - Alan