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fxJul 8, 2026, 6:16 PM

US Dollar Index Flat Around 101.00 After FOMC Minutes

The US Dollar Index traded sideways near 101.00 on Wednesday after the release of the June FOMC minutes. The vote to hold rates was unanimous, but the minutes suggested underlying divisions among policymakers.

DXY

The US Dollar Index (DXY) spent Wednesday circling the 101.00 mark, showing little direction after the release of the Federal Open Market Committee (FOMC) minutes from the June 16-17 meeting.

While the decision to hold interest rates was unanimous, the minutes revealed a less cohesive stance than the vote suggests, with some policymakers appearing to lean toward a more hawkish or dovish path. Traders also continued to fade expectations tied to Middle East headlines, capping any significant moves.

The index ended the session effectively flat, reflecting uncertainty over the Fed's next move and broader geopolitical risks.

Source: FXStreet Forex News