Will the US Dollar Index (DXY) close above 106.00 on July 12, 2024?

A weaker jobs report could lead to expectations of earlier Fed rate cuts, which typically weakens the dollar. However, if global economic concerns are paramount, the dollar could strengthen as a safe haven. The headline's cautious tone might imply a flight to safety.

Implied probability (Yes)

40%

Closes

2026-09-03