{
  "id": 9294941,
  "title": "Forex Today: US Dollar continues to gather strength ahead of PMI data",
  "url": "https://urgent.news/2026/09/23/forex-today-us-dollar-continues-to-gather-strength-ahead-of-pmi-data",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-23T06:29:36.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-us-dollar-continues-to-gather-strength-ahead-of-pmi-data-202609230629"
  },
  "original_language": "en",
  "account": "On Wednesday, September 23, the US Dollar (USD) demonstrated continued strength against its major counterparts. The USD Index surged to a level not seen since late July, surpassing 100.70. Later in the day, preliminary September Manufacturing and Services Purchasing Managers' Index (PMI) data for Germany, the Eurozone, the UK, and the US would be released.\n\nThroughout the week, the USD outperformed most rivals, particularly against the Canadian Dollar, achieving the highest percentage gains. The USD Index benefited from the momentum carried over from Monday and Tuesday, as well as hawkish remarks from Federal Reserve officials. Susan Collins, President of the Federal Reserve's Boston branch, delivered a more aggressive tone, signaling a continued preference for restrictive monetary policy. Her comments, along with a stronger labor market outlook, further bolstered the Dollar's upward trajectory.\n\nThe decline in crude oil prices, driven by optimism surrounding de-escalation in the Middle East conflict, played a role in strengthening the USD. Fed policymakers expressed support for the recent rate hike and cautioned that inflation might remain above the 2% target. This further intensified expectations for a more restrictive federal funds rate in the coming months, adding support to the Dollar's strength.\n\nAs of the latest update, the USD Index was up 0.2% at 100.75, while US stock index futures showed minor gains. Analysts at Commerzbank noted that lower oil prices, due to optimistic diplomatic signals, had led to a fifth consecutive daily decline in oil prices, dropping below $100 per barrel for the first time since early September. This trend, however, is attributed to reduced immediate supply concerns rather than a resolution of the broader geopolitical risks.",
  "summary": "Here is what you need to know on Wednesday, September 23:",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "FXStreet",
        "title": "Dow Jones futures rise ahead of US PMI data",
        "url": "https://urgent.news/2026/09/23/dow-jones-futures-rise-ahead-of-us-pmi-data",
        "published": "2026-09-23T08:34:29.000Z"
      }
    ]
  },
  "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."
}