The US dollar index is on track to record its first weekly loss of 2024, as market participants eagerly await the release of key jobs data from the United States. With all eyes on this crucial economic indicator, the global forex market is bracing for potential volatility and the possibility of further shifts in currency valuations.
The dollar index, which measures the value of the US dollar against a basket of major currencies, has been facing headwinds due to a combination of factors. One of the primary reasons behind its weakening performance is the policy divergence between the US Federal Reserve and other central banks.
