The U.S. Dollar Index saw a boost in response to a positive Non Farm Payrolls report. The report showed an increase in Non Farm Payrolls from 165,000 in April to 272,000 in May, surpassing analysts’ expectations of 185,000. However, the Unemployment Rate ticked up from 3.9% to 4% as the Participation Rate dipped from 62.7% to 62.5%. The yields of 2-year Treasuries and 10-year Treasuries also saw increases.
If the U.S. Dollar Index stabilizes above the 105.00 level, it is likely to move towards the next resistance at 105.75 – 106.00.