Dollar Gains as Strong Jobs Report Reduces Fed Rate Cut Chances

Written on 02/11/2026
Rich Asplund

The dollar index (DXY00 ) recovered from a 1.5-week low on Wednesday and finished up by +0.08%. The dollar moved higher after Wednesday's better-than-expected US Jan payroll report pushed T-note yields higher and dampened speculation of additional Fed interest rate cuts. The chance of a Fed rate cut at next...A U_S_ banknote that is digitally warped by Ruslan Lytvyn via Shutterstock