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fxJul 6, 2026, 5:09 AM

US Dollar Index Rises to Near 101.00 on Fed Hike Expectations

The US Dollar Index (DXY) edged up to around 101.00 during Asian trading, driven by expectations of further Federal Reserve rate hikes this year.

DXY

The US Dollar Index (DXY), which tracks the greenback against six major currencies, rose to approximately 101.00 in early Asian hours after holding steady the previous session. The move reflects continuing market expectations that the Federal Reserve will deliver additional rate increases in 2025, supporting dollar demand.

No further details were provided on the exact impetus behind the uptick, but the index remains near key psychological levels as traders weigh the pace of monetary tightening against inflation and growth data.

Source: FXStreet Forex News