World & BusinessDollar index reportedly hits eight-week high after Fed rate hike
A post citing Standard Chartered says the hike eased concerns that Fed Chair Kevin Warsh would avoid tightening policy despite pressure from President Trump.
TLDR
The DXY dollar index reached an eight-week high of 100.967, according to a September 23 post. Citing Standard Chartered, it says the Fed’s rate hike removed a key obstacle to buying the dollar. A separate post that day says markets were pricing in an 89% chance of at least one more Fed rate hike in 2026.
Dollar index reportedly hits eight-week high after Fed rate hike
A post citing Standard Chartered says the hike eased concerns that Fed Chair Kevin Warsh would avoid tightening policy despite pressure from President Trump.