US Dollar closes a winning week as hawkish bets on the Fed on March rise

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• The DXY rose by more than 0.80% to 103.90 on Friday
• US Nonfarm Payrolls came in higher than expected for January.
• US bond yields are sharply increasing as markets push to May the start of the easing cycle.

The US Dollar (USD) rose to 103.90 on Friday’s Dollar Index (DXY) chart, mainly fueled by a promising labor market report that has convinced markets a March rate cut is not in the cards.