FX.co ★ DXY Rises Above 100

The dollar index edged above 100 on Friday after stronger-than-expected US employment data reinforced expectations that the Federal Reserve will keep interest rates higher for longer. Nonfarm payrolls rose by 178,000 in March, the strongest increase since late 2024, while the unemployment rate unexpectedly declined to 4.3%, partly due to a drop in labor force participation. The figures suggest a stabilizing labor market even as the Iran conflict begins to unfold.

Geopolitical risks remained in focus as President Donald Trump sharpened his rhetoric against Iran, threatening strikes on key infrastructure, amid reports of further attacks across the Gulf region. Rising energy prices are intensifying inflation concerns and keeping investor sentiment cautious. Trading activity is expected to stay subdued because of the Good Friday holiday, with US equity markets closed and bond markets operating on a shortened schedule.