Dollar Advances as 30‑Year Treasury Yield Hits 5.57%: FX Outlook for Major Currency Pairs

The Dallas Fed Manufacturing Index slipped to 9.8 in September from 11.6 in August, falling short of analysts’ forecasts of around 1.0, underscoring a softening in regional manufacturing activity.

Should the U.S. Dollar Index hold above 101.00, it is positioned to test the next resistance band of 101.50–101.65. A successful breach of that zone could pave the way for a move toward the subsequent resistance area of 102.35–102.50.

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