US Dollar (DXY) Price Outlook: Will Fed and BLS Data Spark a Sustained USD Recovery?
Key Points:Markets now price in an 84% chance of a September Fed rate cut, with 60 basis points of easing expected by year-end.Trump’s firing of the BLS head and Fed Governor Kugler’s resignation have heightened policy uncertainty and market caution.Technical traders eye the 50-day MA at 98.300 as critical support; a breakdown could trigger a retest of 97.109.Greenback Stabilizes After Friday’s DropThe U.S. Dollar Index (DXY) rose 0.2% to 98.82 on Monday, staging a modest recovery following Frid