US Dollar advances after mid-tier dataThe US Dollar Index (DXY), which measures the value of the USD against a basket of currencies, rose toward 106.70 after Christine Lagarde, President of the European Central Bank (ECB), confirmed talks of a possible 50 bps interest rate cut.
Source: US Dollar advances after mid-tier data (https://www.fxstreet.com/news/us-dollar-strengthens-as-ecb-president-lagarde-signals-potential-rate-cuts-202412121844)