{
  "id": 10756300,
  "title": "United States Dollar Index approaches yearly peak on hawkish Fed outlook",
  "url": "https://urgent.news/2026/09/29/united-states-dollar-index-approaches-yearly-peak-on-hawkish-fed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T18:31:01.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/united-states-dollar-index-approaches-yearly-peak-on-hawkish-fed-outlook-202609291831"
  },
  "original_language": "en",
  "account": "The US Dollar Index (DXY) reached its yearly peak on Tuesday, driven by expectations of additional Federal Reserve (Fed) interest-rate hikes. The DXY, which measures the value of the US Dollar against six major currencies, traded around 101.40, up 0.20% for the day. Earlier this month, the Fed increased rates by 25 basis points, raising the federal funds target range to 3.75%-4.00%. The Summary of Economic Projections revealed a median policy rate of 4.1% for the year, indicating officials anticipate an additional hike. The Fed continues to prioritize inflation, which remains above its 2% target, making the inflation battle increasingly difficult due to high oil prices resulting from the Middle East conflict. Fed Governor Michael Barr expressed concern over inflation, stating that the central bank has strayed from its 2% goal and that a slower inflation target might not be reached unless policy is adjusted. New York Fed President John Williams mentioned that there was no urgency following September’s rate hike, but added that another hike could occur this year if the economy meets expectations. Markets price in a 68% probability of a further interest-rate increase at the Fed’s October meeting. Higher US interest rates and inflation risks have driven Treasury yields to multi-year highs, boosting the appeal of US Dollar-denominated assets and supporting the Greenback. The US Dollar strengthened against major currencies, including the Euro, British Pound, Canadian Dollar, and Japanese Yen. Economic data released on Tuesday, such as JOLTS Job Openings and Consumer Confidence Index, did not significantly impact the market. The focus now shifts to the US Personal Consumption Expenditures (PCE) Price Index, ISM Manufacturing PMI, and Nonfarm Payrolls (NFP) report. Strong inflation or labor-market data could further support the Fed’s tightening agenda and push the US Dollar Index toward new yearly highs.",
  "summary": "The US Dollar Index (DXY) extends gains on Tuesday, approaching its year-to-date high as expectations of further Federal Reserve (Fed) interest-rate hikes drive strong demand for the Greenback.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Investing.com",
        "title": "United States Natural Gas Fund releases August monthly account statement",
        "url": "https://urgent.news/2026/09/29/united-states-natural-gas-fund-releases-august-monthly-account",
        "published": "2026-09-29T16:57:02.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}