{
  "id": 14404812,
  "title": "US Dollar Index Price Forecast: DXY holds above 101.70 pivotal support ahead of US CPI",
  "url": "https://urgent.news/2026/10/14/us-dollar-index-price-forecast-dxy-holds-above-101-70-pivotal-support",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-14T07:25:54.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-dollar-index-price-forecast-dxy-holds-above-10170-pivotal-support-ahead-of-us-cpi-202610140725"
  },
  "original_language": "en",
  "account": "The US Dollar Index (DXY) is currently trading above the 102.00 level, maintaining a bullish near-term bias despite the release of the US Consumer Price Index (CPI) report. Traders are closely monitoring three key events ahead of the DXY price dynamics: the US Producer Price Index (PPI) on Thursday, the US Federal Reserve (Fed) Chair Kevin Warsh's speech on Friday, and the release of the CPI data.\n\nThe recent dip in US bond yields has prompted traders to reduce their bullish bets following a strong rally from the September monthly swing low. However, the expectation of further interest rate hikes by the US central bank in December, combined with geopolitical tensions in the Middle East, is helping keep downside risks limited for the safe-haven US Dollar (USD). Technical indicators suggest that the DXY has a bullish outlook above the 101.65-101.70 horizontal resistance breakpoint, with the MACD indicator in positive territory and the RSI at 64.81, indicating a potential for further upward momentum.\n\nInflation is closely monitored through the Consumer Price Index (CPI), which is compiled monthly and released by the US Department of Labor Statistics. The CPI's YoY reading compares current prices to the same month a year ago. A high reading is considered bullish for the US Dollar (USD), while a low reading is seen as bearish. The Federal Reserve's mandate is to maintain price stability and maximum employment, with a target inflation rate of 2% year-over-year. The rising inflation pressures, driven by supply-chain issues and bottlenecks, have led the CPI to hover around multi-decade highs. The Fed has been implementing measures to combat inflation and is expected to maintain an aggressive stance in the near future.\n\nMeanwhile, the AUD/USD pair remains stable near 0.7000 in Asian trading hours, supported by China's mixed inflation data and robust trade figures. The USD/JPY pair is range-bound around 158.50, with potential intervention risks supporting the Japanese Yen and providing downward support for the US Dollar. Despite Middle East tensions, the USD remains favored as a safe-haven currency, with gold steadying above $4,150 ahead of the latest US inflation figures.",
  "summary": "The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, drifts lower for the second straight day on Wednesday, retreating further from its highest level since April 2025, touched on the first day of this week.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "USD/CAD Price Forecast: Hovers around 1.4200 after breaking below nine-day EMA",
        "url": "https://urgent.news/2026/10/14/usd-cad-price-forecast-hovers-around-1-4200-after-breaking-below-nine",
        "published": "2026-10-14T06:04:54.000Z"
      }
    ]
  },
  "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."
}