US Dollar Index Holds Near 13-Month High

US Dollar Index remains steady near 101.00 The US Dollar Index is hovering around 101.00, near a 13-month high of 101.13. The index has been supported by a hawkish sentiment surrounding the Federal Reserve policy outlook. Futures traders have fully priced i

US Dollar Index remains steady near 101.00

The US Dollar Index is hovering around 101.00, near a 13-month high of 101.13.

The index has been supported by a hawkish sentiment surrounding the Federal Reserve policy outlook.

Futures traders have fully priced in a 25-basis-point rate hike for the September meeting, with some pricing in a minor probability of a tightening move as early as next month.

Leave a Reply

Your email address will not be published. Required fields are marked *