USD Dominates Majors as Fed Hawks Revive Rate Hike Bets

The Dollar Index extended its bullish trend Friday as markets priced in renewed Fed hawkishness, with price action holding above key support near the 105.00 zone. Gains were tempered by the Juneteenth holiday thinning US liquidity, but the broader structure remains intact — higher lows and sustained momentum above near-term moving averages point to continued upside pressure across USD pairs. Traders should watch resistance near 105.80–106.00 as the next key ceiling. A clean break above that zone would open the door toward 107.00. The directional bias is bullish USD across the board, particularly against JPY and EUR, as long as the Fed's rate-hike narrative holds and inflation data remains elevated.