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fxJun 9, 2026, 8:16 PM

US Dollar Holds Steady Near 99.90 Ahead of CPI Data Amid Middle East Tensions

The US Dollar Index (DXY) is trading cautiously near the 99.90 level as traders await Wednesday's CPI report. Geopolitical risks from the Middle East conflict are also supporting the greenback.

DXY

The US Dollar Index (DXY) is trading with a cautious tone near the 99.90 level on Tuesday, as investors position ahead of the highly anticipated US Consumer Price Index (CPI) report due on Wednesday. Inflation is expected to tick higher, which could influence the Federal Reserve's policy outlook.

Meanwhile, the escalation of the Middle East war is supporting safe-haven demand for the US dollar, contributing to its steady performance. The market's next move will likely depend on the CPI data and any further geopolitical developments.

Source: FXStreet Forex News