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fxJun 16, 2026, 2:58 AM

US Dollar Index Holds Near 99.70 Ahead of Fed Meeting

The US Dollar Index remains firm near 99.70 as traders await the Federal Reserve's two-day policy meeting.

DXY

The US Dollar Index (DXY) is holding onto Monday's gains, trading near the 99.70 level. Market participants are focusing on the start of the Federal Reserve's two-day monetary policy meeting, with the decision scheduled for announcement later this week.

Traders are positioning cautiously ahead of potential shifts in interest rate guidance or forward-looking statements from the Fed. The dollar's recent strength reflects expectations of a hawkish stance, though uncertainty remains.

Source: FXStreet Forex News