Dollar Extends Gains to Fifth Session

2026-09-15 01:41 By Jam Kaimo Samonte 1 min. read

The dollar index rose above 99.5 on Tuesday, advancing for a fifth consecutive session ahead of an expected interest rate hike by the Federal Reserve this week.

Traders are pricing in roughly a 92% chance that the Fed will deliver a 25-basis-point rate hike on Wednesday, which would be its first increase in borrowing costs since 2023.

Policymakers are also set to release updated economic projections, with traders closely watching for signals on the future path of interest rates.

Elsewhere, the Bank of England is widely expected to keep policy unchanged on Thursday, while the Bank of Japan is anticipated to raise rates on Friday.

Meanwhile, higher oil prices have added to inflationary pressures, clouding the inflation outlook and reinforcing expectations for further Fed tightening.

Warnings from CEOs of major technology companies about the potential risks associated with AI also pressured equities, boosting demand for the dollar.



News Stream
Dollar Extends Gains to Fifth Session
The dollar index rose above 99.5 on Tuesday, advancing for a fifth consecutive session ahead of an expected interest rate hike by the Federal Reserve this week. Traders are pricing in roughly a 92% chance that the Fed will deliver a 25-basis-point rate hike on Wednesday, which would be its first increase in borrowing costs since 2023. Policymakers are also set to release updated economic projections, with traders closely watching for signals on the future path of interest rates. Elsewhere, the Bank of England is widely expected to keep policy unchanged on Thursday, while the Bank of Japan is anticipated to raise rates on Friday. Meanwhile, higher oil prices have added to inflationary pressures, clouding the inflation outlook and reinforcing expectations for further Fed tightening. Warnings from CEOs of major technology companies about the potential risks associated with AI also pressured equities, boosting demand for the dollar.
2026-09-15
Dollar Rises for 4th Session
The dollar index rose for a fourth consecutive session to 99.6 on Monday, its highest level in about two weeks, as traders braced for this week’s FOMC decision. Traders see nearly an 89% chance that the Fed will deliver a 25-basis-point rate hike this week, which would mark its first increase in borrowing costs since 2023. Policymakers will also release fresh economic forecasts, with traders looking for any guidance on the future path of interest rates. Meanwhile, rising oil prices have added to inflationary pressures, worsening the inflation outlook and strengthening the case for further Fed tightening. Warnings from the CEOs of leading technology companies about the potential risks posed by AI also weighed on stocks, supporting demand for the dollar. The greenback strengthened broadly, with the biggest gains coming against the Japanese yen and the Australian dollar.
2026-09-14
Dollar Edges Higher Ahead of Fed Meeting
The dollar index rose toward 99.5 on Monday, gaining for a fourth consecutive session as investors prepared for the upcoming Federal Reserve policy meeting while assessing the impact of surging oil prices. Markets are currently pricing in an 86% probability that the Fed will raise its policy rate by 25 basis points on Wednesday, with another hike expected later this year. Data released Friday showed US consumer inflation held steady at 3.4% in August, matching July’s reading and market expectations, while underlying inflation came in above forecasts as core CPI rose 0.3% month-on-month. US producer prices also accelerated in August, while labor-market data pointed to continued resilience in employment. Higher oil prices added further inflationary pressure after Saudi Arabia shut down the critical East-West pipeline, which provides an alternative route around the Strait of Hormuz.
2026-09-14