The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is holding losses after registering minor gains in the previous day and trading around 100.00 during the Asian hours on Thursday.
Brown Brothers Harriman’s (BBH) Elias Haddad notes the US labor market is stabilizing and inflation is gaining traction, with ISM surveys and the Fed Beige Book reinforcing this view.
The US Dollar (USD) maintains its positive performance for the third consecutive day on Wednesday, this time lifting the US Dollar Index (DXY) to the vicinity of two-month highs near 99.50 and opening the door to a potential test of the psychological 100.00 hurdle in the relatively short term.