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Prezzi
fxJun 23, 2026, 6:28 PM

US Dollar Index Climbs to Highest Since May 2025 on Fed Hike Bets

The US Dollar Index (DXY) extends its rally on Tuesday, climbing to its highest level since May 2025, trading around 100.40, up 0.4% on the day.

DXY

The US Dollar Index (DXY), which tracks the greenback against a basket of six major currencies, extended its rally on Tuesday. It reached its highest level since May 2025, driven by renewed bets on Federal Reserve interest rate hikes.

At the time of writing, the index was trading near 100.40, a gain of 0.4% on the session. The move reflects expectations that the Fed may continue tightening monetary policy to combat inflation, boosting demand for the dollar.

Source: FXStreet Forex News