Dollar Index Holds 100.2 as Fed Officials Prepare to Speak
The Dollar Index has stabilized near 100.30 following a hawkish tone from Fed officials, including Chair Warsh and Kashkari, who stressed that inflation remains too high. Consequently, market expectations for further tightening have risen, with the CME FedWatch tool now showing a 56.5% chance of an October rate increase.
FXStreet reports that the dollar has firmed to 100.30 as traders now price in a 56.5% probability of an additional rate hike in October. This shift reflects comments from Fed Chair Kevin Warsh and Neel Kashkari, both of whom emphasized that inflation remains persistently too high despite a strong labor market.
Source: FXStreetThe dollar index stabilized near 100.2 after a 1% weekly gain. Fed officials will speak this week to clarify the rate path.
Source: TradingView
