United States Dollar Index strengthens above 99.50 as Fed rate hike bets rise

The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, currently trades near 99.60 in the Asian trading hours on Tuesday. The DXY edges higher on expectations of a US Federal Reserve (Fed) interest rate hike on Wednesday.

Gold impact rationale

Rising rate-hike or hawkish expectations increase gold's opportunity cost.

• Source: FXStreet news
• 2026-09-15
• rates

Topics: gold news, gold price impact, rates