Resilient US labor figures lift the dollar index above 99.00 as traders watch for progress in US-Iran negotiations.
The US Dollar Index (DXY) rose above 99.00, trading near 99.25 in early Asian hours, supported by resilient US labor market data. The move reflects growing confidence in the economic outlook amid steady employment trends.
Prior to this, the DXY had struggled to sustain gains above 99.00, with market participants weighing mixed signals on inflation and growth. Comparable periods showed similar volatility as traders balanced domestic data against global risks.
The index also drew support from optimism around potential US-Iran diplomatic developments, which could ease geopolitical tensions affecting energy markets.