According to Jin10, the Dollar Index edged higher during Thursday’s Asian session but failed to extend its gains, remaining above 102.00 and near the two-week high it reached Wednesday. Traders are awaiting key U.S. economic data, including the preliminary third-quarter GDP estimate and the Personal Consumption Expenditures price index, due later today. With markets pricing in a Fed rate hike in December, investors are watching the data for further clues on the central bank’s policy path. Strong data could reinforce those expectations and lift the Dollar Index, while a weaker-than-expected reading may have a relatively limited immediate impact after the Fed signaled a hawkish pause on Wednesday. Meanwhile, regional mediators led by Qatar are working to restart U.S.-Iran talks to prevent a renewed outbreak of war. Geopolitical risk premiums remain, and any technical pullback in the Dollar Index could attract dip buyers, limiting losses.
