Dollar Index Ends Strongly as Non-Farm Payrolls Ignite Rate Hike Expectations

English summary

The Dollar Index rose slightly by 0.33% this week, with a strong Friday surge driven by better-than-expected US October non-farm payrolls, marking the largest single-day gain in nearly five months. The probability of a Fed rate hike in December rose to nearly 80%, weighing on the Euro, Pound, and Australian Dollar as FX markets returned to interest rate differential dominance.