US Dollar tallies a winning week, focus shifts to inflation data

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• DXY Index retreats after the latest string of US data holds onto weekly gains
• United States NFPs from December were higher than expected, as well as Average Hourly Earnings, while the Unemployment Rate stood at 3.7%.
• The Services ISM PMI from the same month was disappointing.

The US Dollar (USD), represented by the Dollar Index, is currently trading just above 102.40 with slight losses due to the markets adjusting dovish bets post the release of December’s Nonfarm Payrolls (NFP) and the ISM PMIs.