Dollar Index Falls Below 98 Amidst Tariff Uncertainty and Awaiting Economic Data
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Dollar Index Falls Below 98 Amidst Tariff Uncertainty and Awaiting Economic Data

The dollar index declined below 98 at the start of the New Year, influenced by policy uncertainty stemming from President Trump's tariff measures. Upcoming US Nonfarm Payrolls and unemployment rate data will provide insights into the labor market and potential interest rate movements. The dollar index, which tracks the greenback against major currencies, is down 0.10 on the day, following a nearly 9% decrease last year.

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