MUFG’s Derek Halpenny notes the US Dollar is holding most of its post-FOMC gains after a 25bps hike and hawkish guidance from Fed Chair Warsh. The Fed’s projections imply only gradual disinflation and a higher long-run rate, but market pricing had already anticipated more tightening.

ING strategists Francesco Pesole and Frantisek Taborsky say the US Dollar (USD) now has a stronger floor after the Federal Reserve’s 25bp rate increase and hawkish guidance for another hike by year-end.

Dow Jones futures rise by 0.82% to trade near 51,930 during European hours on Thursday. Meanwhile, S&P 500 futures gain by 0.82% to trade around 7,620, while Nasdaq 100 futures advance by 0.98% to trade near 29,250.

Danske Research Team explains that the Dollar strengthened after the Fed’s unanimous 25bp rate hike and hawkish risk assessment, which emphasized upside inflation risks.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly after hitting a fresh high since late July earlier this Thursday. The index, however, holds above the 100.00 psychological mark heading into the European session.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is extending its winning streak for the sixth successive day and trading around 100.30 during Asian hours on Thursday. The US Initial Jobless Claims data will be released later in the day.

Trump posted on Wednesday that US rates should be 1% or less and that the country has the strongest credit anywhere. He also wrote that cutting off trade with every nation the US runs a deficit with would earn at least $1.5 trillion a year.

The Fed has raised its rate to 3.75-4.00%, its first increase since 2023. This index measures the Dollar against six currencies, and it is not a broad measure. The Euro alone is 57.6% of it.

The Fed has raised its rate to 3.75-4.00%, its first increase since 2023 and its first move of any kind since the cut in December 2025. The rate it sets is what banks pay to borrow from each other overnight, and it reaches this index in two places.

The Dow Jones Industrial Average trades just above 52,100 and has spent the morning going nowhere, on the day the Federal Reserve is expected to raise its rate for the first time since 2023. That is not indifference.

Rabobank’s Senior FX Strategist Jane Foley notes the US Dollar (USD) has outperformed G10 peers on expectations the Fed will deliver around 100 bps of tightening over 12 months, but warns this may be excessive.

Brown Brothers Harriman’s (BBH) Elias Haddad says the US Dollar (USD) remains supported by energy-driven risk aversion ahead of the FOMC decision.

TD Securities’ Jayati Bharadwaj expects a divided Congress to keep macro fundamentals as the main driver for FX, maintaining a modestly bearish view on the Dollar into year-end.

Commerzbank’s Antje Praefcke notes that the FOMC is widely expected to raise the federal funds rate by 25 basis points after stronger-than-expected August inflation. She argues that a surprise pause would hurt Fed credibility and the Dollar, while a hike is largely priced in.

MUFG’s Lloyd Chan notes that the US Dollar has strengthened modestly as US Treasury yields climb, with the US 10-year yield reaching 5.00% and the 2-year at 4.66%.

Dow Jones futures gain by 0.14% to trade near 52,190 during European hours on Wednesday. Meanwhile, S&P 500 futures rise by 0.21% to trade around 7,600, while Nasdaq 100 futures advance by 0.42% to trade near 29,080.

ING strategists Francesco Pesole and Frantisek Taborsky note that markets fully expect the Federal Reserve to raise rates by 25bp to 4.0%, with a surprise hold seen as materially negative for the Dollar.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, retreats slightly from a two-week high, retested earlier this Wednesday, though it lacks follow-through selling.

The US Dollar Index (DXY) holds firm near a two-week high on Tuesday as traders prepare for the Federal Reserve’s (Fed) monetary policy decision on Wednesday. At the time of writing, the index trades around 99.66, up 0.17% on the day.

The Dow Jones Industrial Average trades just under 52,000, down around 450 points, a day before the Fed's first expected hike since July 2023. Bets in the futures market put the odds of a quarter-point at 92.5%, so Wednesday's vote is not the news.

TD Securities’ macro team, including Oscar Munoz and colleagues, expects the FOMC to deliver a 25bps hike, with the dot plot signaling fewer hikes than markets imply.

The US Dollar (USD) outperforms its major currency peers on Tuesday, following strong United States (US) Treasury Yields on expectations that the Federal Reserve (Fed) will remain on the monetary tightening path even after hiking interest rates at the policy meeting on Wednesday.

OCBC strategist Christopher Wong notes the US Dollar Index (DXY) around 99.5, supported by higher Oil, elevated UST yields and softer risk sentiment. He highlights tentative bullish daily momentum and two-way risks, with resistance near 99.80–100.30 and support around 99.30–98.00.

Dow Jones futures fall by 0.56% to trade near 52,150 during European hours on Tuesday. Meanwhile, S&P 500 futures decline by 0.42% to trade around 7,590, while Nasdaq 100 futures drop by 0.37% to trade near 29,050.

MUFG’s Lee Hardman notes the US Dollar (USD) has strengthened ahead of the FOMC meeting as Fed tightening expectations are repriced higher. The US Dollar Index (DXY) has recovered to levels seen before the August Treasury buyback announcement, with US yields rising sharply.

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, maintains a positive bias for the fourth straight day on Tuesday and climbs back closer to a nearly two-week high, which it touched the previous day.

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.60 in the Asian trading hours on Tuesday. The DXY edges higher on expectations of a US Federal Reserve (Fed) interest rate hike on Wednesday. 

The US Dollar Index (DXY) held firm at the start of the week, staying above the 99.00 mark and trading near 99.40, still short of the 100.00 threshold.

Scotiabank strategists Shaun Osborne and Eric Theoret note the US Dollar (USD) is firm at the start of FOMC week as swaps now price an 85% chance of tightening on Wednesday.

The Dollar Index trades near 99.50, up 0.4% on the day, and it made the whole of that gain while America was asleep. A 5% Treasury yield sounds like the best thing that could happen to the Dollar, and New York has spent the morning selling it.