USD index rises to its highest since November 2022

Its been a notable session of new highs and lows. I’ve been tweeting them as they happened rather than posting them, but here they are for the record:

• GBP/USD hits a 14 month low under 1.2193

  (GBPeso?) … and its since dropped lower

• AUD/USD falls under 0.6140 and to its lowest since April 2020
  (ps. Some chatter of a move down under 0.60 is around the place https://forexlive.com/news/some-chatter-about-on-the-potential-for-audusd-to-drop-under-060-20250110/…
  )

• EUR/USD under 1.0210 to its lowest since November 2022

The dollar is king after the US jobs report on Friday:

• ForexLive Asia-Pacific FX news wrap: US jobs report Asia response, EUR and GBP weak again
• Forexlive Americas FX news wrap 10 Jan: Strong US jobs sends the USD & yields higher.

This article was written by Eamonn Sheridan at www.forexlive.com.