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fxJun 12, 2026, 6:53 AM

US Dollar Index Holds Gains Near 99.80 on Risk Aversion, Hawkish Fed

The US Dollar Index (DXY) is trading around 99.80 during early European hours, extending gains as risk aversion and a hawkish Federal Reserve outlook support the dollar.

DXY

The US Dollar Index (DXY) is holding onto gains, trading near 99.80 in early European trading on Tuesday, after registering modest losses the previous day.

The greenback is benefiting from prevailing risk aversion in financial markets, as well as the Federal Reserve's hawkish monetary policy outlook. These factors continue to underpin the dollar against a basket of six major currencies.

Source: FXStreet Forex News