The Dollar Index remained near 109 on Monday, holding at its highest levels in more than two years, as investors prepare for the release of key labor market data this week that could determine the Federal Reserve’s monetary policy outlook.

Another day, another rally in the greenback against the Canadian dollar, but it is worth noting that we are threatening a pretty serious resistance barrier in the form of the 1.45 level.

2025 has begun the way 2024 ended. With investors doing their best to determine what direction stock prices will go during the next year.