The dollar index climbed to above 101.2 on Monday, remaining near two-month highs as rising oil prices strengthened expectations for further Federal Reserve tightening to contain inflation and increased safe-haven demand for the greenback. Oil prices advanced after President Donald Trump rejected Iran’s latest proposal to reopen the Strait of Hormuz, while Tehran said it would not ease its conditions for reopening the vital waterway. On the monetary policy front, several Fed officials last week cited resilient economic growth and a strong labor market as reasons additional rate hikes could be necessary. Cleveland Fed President Beth Hammack said these factors, alongside concerns over government debt, are contributing to higher long-term Treasury yields. Investors now await the Fed’s preferred inflation gauge and key US employment data this week for additional clues on the outlook for monetary policy.
The DXY exchange rate rose to 101.2244 on September 29, 2026, up 0.03% from the previous session. Over the past month, the United States Dollar has strengthened 1.81%, and is up by 3.53% over the last 12 months. Historically, the United States Dollar reached an all time high of 164.72 in February of 1985. United States Dollar - data, forecasts, historical chart - was last updated on September 29 of 2026.
The DXY exchange rate rose to 101.2244 on September 29, 2026, up 0.03% from the previous session. Over the past month, the United States Dollar has strengthened 1.81%, and is up by 3.53% over the last 12 months. The United States Dollar is expected to trade at 100.95 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 99.24 in 12 months time.