US Dollar Steady, Investors Await Fed Data and Policy
The US Dollar Index (DXY) held steady around 98.30 in Asian trading on Friday after a 0.5% loss in the previous session. Investors await the preliminary release of the S&P Global Purchasing Managers' Index (PMI) for insights into business activity in the United States.
Data-wise, US GDP grew 4.4% in the third quarter of 2025, slightly higher than expected. Initial jobless claims were recorded at 200,000, below market expectations. Meanwhile, the PCE Price Index rose 2.8% year-on-year in November, in line with expectations, indicating that inflation remains stable and remains a concern for the Federal Reserve.
The US dollar faces pressure from geopolitical and trade tensions with Europe over Greenland, despite Trump's reversal of tariff plans following a framework agreement with NATO. The market is also anticipating the next Federal Reserve policy decision, with a 95% chance of a December interest rate cut according to the CME FedWatch Tool. (az)
Source: Newsmaker.id