The US Dollar Index climbs to its highest level since June 2023 amid sustained demand in Asian trading.
The US Dollar Index (DXY) extended its rally to a third consecutive session, reaching 101.45, its highest level in 13 months. The move reflects persistent strength in the USD against a basket of six major currencies during Asian trading hours.
Prior to this, the DXY had traded below 101.00 for most of the past month, with the last comparable high recorded in June 2023. Market consensus had anticipated a consolidation phase, but the index broke higher, defying expectations.
No immediate market reaction data was provided, though the sustained upward momentum suggests continued investor appetite for the greenback.