Monday, 15 September 2025
Jakarta
--:--
Tokyo
--:--
Hongkong
--:--
New York
--:--
US Dollar Index takes a step down after FOMC rate hold
Thursday, 19 June 2025 01:28 WIB | US DOLLAR |DOLLAR

The US Dollar Index (DXY) whipsawed on Wednesday after the Federal Reserve's (Fed) Federal Open Market Committee (FOMC) kept interest rates unchanged, as investors had broadly expected.

The Greenback continues to churn in a long-tailed midrange near the 98.60 region as traders await Fed Chair Jerome Powell's upcoming press conference and follow-up Q&A session.

The Fed still sees an average of 50 basis points in interest rate cuts by the end of the year, following closely with what is priced in according to the CME's FedWatch Tool.

However, ongoing trade policy uncertainty has pushed the spread of policymaker rate expectations wider, with some Fed personnel seeing higher year-end rates compared to the previous Summary of Economic Projections (SEP).

Source: Fxstreet

RELATED NEWS
Dollar Steady as Traders Turn Focus to Fed Meeting...
Monday, 15 September 2025 07:35 WIB

The dollar was steady in early Asian trading as US-China trade talks entered a second day, with investors focused on this week's Federal Reserve policy decision. The greenback was mixed against&...

US dollar rises on positioning moves, but outlook remains bearish...
Saturday, 13 September 2025 02:08 WIB

The U.S. dollar rose on Friday, a day after falling on a surge in U.S. jobless claims and modest inflation, as investors expected the Federal Reserve to cut interest rates next week after a roughly ni...

Jobless Claims Surge, Dollar on the Brink...
Friday, 12 September 2025 09:05 WIB

The US dollar weakened on Friday after a surge in jobless claims and a moderate rise in inflation made markets increasingly confident that the Fed would cut interest rates next week—and possibly furth...

Dollar Sideways, CPI Risks Ahead...
Thursday, 11 September 2025 08:24 WIB

The US dollar held steady early in the Asian session after the PPI data fell 0.1% in August, reinforcing expectations that the Fed would cut interest rates next week. The Dollar Index edged up to 97.8...

Dollar Strengthens as Geopolitics Heats Up; Investors Await US Inflation Data ...
Wednesday, 10 September 2025 15:56 WIB

The US dollar held steady on Wednesday (September 10th) ahead of US inflation data this week that could help shape the Federal Reserve's policy outlook, while tense geopolitical conditions supported c...

LATEST NEWS
Pound Sterling outperforms while investors await Fed-BoE policy outcome

The Pound Sterling (GBP) advances against the US Dollar (USD) at the start of the week during the European trading session. The GBP/USD pair jumps to near 1.3600as the US Dollar faces selling pressure, with investors awaiting monetary policy...

EUR/USD picks up amid US Dollar weakness, awaiting the Fed

The EUR/USD pair trades at 1.1745 during Monday's European session, recovering from a pullback to 1.1720 earlier in the day. The common currency opened the week on a hesitant tone but is gathering momentum as the market shifts its focus from...

US says China spreads 'false' World War Two narratives to pressure Taiwan.

China is intentionally mischaracterising World War Two-era documents to put pressure on, and isolate, Taiwan, as those accords made no determination of the island's ultimate political status, the de facto U.S. embassy in Taipei said. The 80th...

POPULAR NEWS
Michigan Consumer Sentiment Index Expected to Weaken Further in September
Friday, 12 September 2025 19:39 WIB

The University of Michigan (UoM) is expected to release the preliminary reading of its monthly Consumer Confidence Index for September on Friday....

Nasdaq closes at record high, S&P 500 notches winning week as Fed decision looms
Saturday, 13 September 2025 03:37 WIB

The Nasdaq Composite notched a perfect week of closing highs on Friday as investors took signs of weakening jobs and tame inflation to mean the...

Poland says Russian drone incursions could not have been a mistake, contradicting Trump
Friday, 12 September 2025 19:45 WIB

Poland rejected on Friday a suggestion by Donald Trump that Russian drone incursions into its airspace could have been a mistake, a rare...

Wall St opens muted after record highs, on track for weekly gains
Friday, 12 September 2025 20:48 WIB

Wall Street indexes opened subdued on Friday after notching record highs in the previous session, though they remained on track to log gains in a...