[MARKET UPDATE] DXY tops its 100 DMA (98.45) as it makes its way to 98.50, with the 200 DMA (98.52) in close proximity

The DXY has broken above its 100-day moving average, currently around 98.45, and is approaching the 200-day moving average at 98.52. This upward movement suggests a potential shift in dollar strength, which could influence interest rate expectations and impact other assets, particularly commodities and risk-sensitive currencies.