Dollar Gains as US Economic Strength Dampens Fed Rate Cut Expectations

Written on 07/31/2025
Rich Asplund

The dollar index (DXY00 ) today is up by +0.23% and posted a fresh 2-month high. The dollar is supported by today's US economic news that shows a resilient labor market with sticky price pressures and labor costs, which are hawkish for Fed policy. The dollar also has carryover support...Money transfer Global Currency by Panuwatccn via Shutterstock