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Dollar Gains on Concerns about Less-Dovish Fed
Yahoo Finance· 2025-09-24 22:47
The dollar index (DXY00) today is up by +0.63% at a 1.5-week high. The dollar is climbing today on positive carryover from Tuesday when Fed Chair Powell offered no hints on whether he would support a rate cut at next month's FOMC meeting, signaling the Fed may be less dovish than the markets have currently priced in. Also, weakness in EUR/USD today is supportive for the dollar after a gauge of German business confidence unexpectedly declined. The dollar extended its gains today after US Aug new home sale ...