US Dollar: DXY extends monthly gains – UOB
UOB Global Economics & Markets Research notes the DXY closed at 101.45 on Wednesday, delivering its best monthly gain since June with a 2.0% rise in September. Intraday Dollar strength was briefly tempered by softer US PCE data before recovering into the close.
The US Dollar Index (DXY) surged to a two-month peak on Wednesday, marking its strongest monthly gain since June, with a 2.0% increase in September. The intraday strength was briefly dampened by softer U.S. PCE data, but the dollar swiftly recovered to close higher. Major currency pairs, including EUR/USD, GBP/USD, and AUD/USD, maintained relative stability, while USD/JPY finished flat.
The DXY closed at 101.45 on Wednesday, up slightly from 101.37 the previous day, recording its best monthly gain since June (+2.0% in September). The dollar's strength was temporarily restrained by the release of softer U.S. PCE data before rebounding into the final close.
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