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fxJul 13, 2026, 6:23 PM

US Dollar Index Rises After Hawkish Fed Comments; CPI in Focus

The US Dollar Index gained momentum after Federal Reserve Governor Waller suggested a July rate hike is possible. Markets now await CPI data.

DXY

The US Dollar Index (DXY) strengthened on Monday following hawkish remarks from Federal Reserve Governor Christopher Waller. Waller indicated that a July interest rate hike is a possibility, boosting expectations for tighter monetary policy.

Investors now turn their attention to the upcoming Consumer Price Index (CPI) report, which could provide further cues on the Fed's next move. The dollar's rise reflects renewed bets on higher rates.

Source: FXStreet Forex News

US Dollar Index Rises After Hawkish Fed Comments; CPI in Focus — TradersWeek · TradersWeek