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fxJun 5, 2026, 4:29 PM

US Dollar Hits Two-Month Highs After Strong NFP Data

The US Dollar had a promising week, rising nearly every day and hitting new two-month highs after Friday's strong Nonfarm Payrolls report, pushing the DXY index near the 100.00 level.

DXY

The US Dollar rallied through most of the week, with gains accelerating after the release of stronger-than-expected Nonfarm Payrolls data on Friday. The DXY index climbed to its highest point in two months, approaching the psychologically significant 100.00 mark.

The labor market figures provided fresh support for the dollar, reinforcing expectations that the Federal Reserve may maintain its tightening stance. Traders are now watching for further catalysts that could extend the rally above the 100.00 barrier.

Source: FXStreet Forex News