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fxJul 1, 2026, 6:08 PM

US Dollar Index Holds Above 101.00 as Fed Rate Hike Bets, NFP in Focus

The US Dollar Index (DXY) remains steady above 101.00, supported by Federal Reserve rate hike expectations, while traders await the upcoming Nonfarm Payrolls report after weaker-than-expected economic data.

DXY

The US Dollar Index (DXY) continues to trade above the 101.00 mark on Wednesday, maintaining its position despite softer US economic figures. The index is supported by ongoing bets that the Federal Reserve will persist with interest rate hikes.

Market attention is now shifting to the upcoming Nonfarm Payrolls (NFP) report, which could provide further direction. Comments from the Fed Chair remain in focus as traders assess the policy outlook, though recent data has shown some signs of weakness.

Source: FXStreet Forex News