{
  "id": 5536487,
  "title": "US Dollar Index: Two-way risks within bearish channel – OCBC",
  "url": "https://urgent.news/2026/09/04/us-dollar-index-two-way-risks-within-bearish-channel-ocbc",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-04T09:47:14.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/us-dollar-index-two-way-risks-within-bearish-channel-ocbc-202609040947"
  },
  "original_language": "en",
  "account": "The Dollar Index (DXY) has softened in tandem with lower U.S. Treasury yields as Federal Reserve Governor Waller indicated a leaning towards maintaining interest rates at their current level in September, provided disinflation continues. Waller advocated for allowing \"disinflation a chance\" and projected a reasonable Consumer Price Index (CPI) reading, stating that the present policy stance could still bring inflation back to its 2% target. While acknowledging that some recent inflation drivers may have passed through, Waller maintained an open door for a potential rate hike if inflation accelerates. Consequently, the odds of a September rate hike decreased to approximately 50% from 68% a month earlier. The upcoming labor market data on Friday and the subsequent CPI and Producer Price Index (PPI) reports are anticipated to be pivotal in shaping the Fed's decision. Currently, the DXY is hovering around 99, exhibiting mild bullishness on the daily chart, albeit with a declining Relative Strength Index (RSI). Traders are likely to engage in bid-ask spreads due to the two-way risks within a bearish trend channel. Key support levels are positioned at 98.60/70, corresponding to the 50% Fibonacci retracement of the 2026 low-to-high range, and 98 (61.8% Fibonacci). Meanwhile, resistance levels are located at 99.40 (21-day Moving Average, 38.2% Fibonacci), and 99.75 (100-day Moving Average).",
  "summary": "OCBC’s Christopher Wong notes that the Dollar Index (DXY) has eased alongside lower UST yields after Fed Governor Waller signalled a preference to keep rates unchanged in September if disinflation persists.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "US Dollar: Short-term downside risks – ING",
        "url": "https://urgent.news/2026/09/04/us-dollar-short-term-downside-risks-ing",
        "published": "2026-09-04T11:30:22.000Z"
      }
    ]
  },
  "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."
}