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fxJul 9, 2026, 9:49 AM

DXY Slips to 101 Late in US Session Despite Yield Support

The US Dollar Index (DXY) slipped from 101.28 to 101 late in the US session, even as US Treasury 2Y yields rose and crude oil remained supported by Middle East tensions, according to DBS Group Research economist Philip Wee.

DXY

The US Dollar Index (DXY) edged lower in late US trading, falling from 101.28 to around 101.00, according to DBS Group Research economist Philip Wee. The decline occurred despite a rise in the US Treasury 2-year yield, which typically supports the dollar.

Crude oil prices remained underpinned by ongoing tensions in the Middle East, providing a supportive backdrop for commodity-linked currencies. The slip in DXY suggests that yield support was insufficient to overcome other factors weighing on the greenback.

Source: FXStreet Forex News