Today’s Forex Market: Strong economic data, dollar regains smile

Strong U.S. inflation data and further resilience in the U.S. labor market pushed the U.S. dollar index to a weekly high, giving the U.S. dollar new upward momentum. EUR/USD fell below 1.0900 points,…

U.S. dollar index hits new high

In today's foreign exchange market, the U.S. dollar index once again hit a weekly high, mainly due to the strong performance of U.S. inflation data. As the U.S. labor market continues to remain resilient, market sentiment toward the U.S. dollar has further intensified.

EUR/USD falls

Driven by the strength of the US dollar, the EUR/USD exchange rate fell below 1.0900 points, showing the market's buying power against the US dollar. Investors are generally optimistic about the short-term trend of the US dollar, causing the euro exchange rate to come under pressure.

market expectations

In the future, the market will continue to be optimistic about the trend of the US dollar. As U.S. economic data continues to improve, investor confidence in the U.S. dollar continues to grow. The U.S. dollar index is expected to continue its upward trend.

• U.S. dollar index hits new high
• EUR/USD falls
• Market expectations are promising

Overall, the trend of the foreign exchange market today was strongly supported by U.S. economic data, and the dollar regained its smile. Investors need to pay close attention to market dynamics, adjust trading strategies in a timely manner, and seize investment opportunities.