Select Language

US Dollar Index remains below 99.00 ahead of Fed policy decision

Breaking news

US Dollar Index remains below 99.00 ahead of Fed policy decision

  • X
  • facebook
  • LINE
  • RSS

  • X
  • facebook
  • LINE
  • RSS
New update 2025.07.30 12:11
US Dollar Index remains below 99.00 ahead of Fed policy decision

update 2025.07.30 12:11

  • US Dollar Index halts its winning streak ahead of Fed rate decision.
  • The Fed is anticipated to leave its benchmark interest rate unchanged in July.
  • US Treasury Secretary Scott Bessent said that the US and China will continue talks over maintaining a tariff truce.

The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is halting its four-day winning streak and trading around 98.80 during the Asian hours on Wednesday. Investors will closely monitor the US Federal Reserve (Fed) interest rate decision later in the North American session.

The US Fed is widely expected to leave its benchmark interest rate unchanged at 4.25% to 4.50% in July. Traders are now pricing in 97% odds of no change to interest rates at the July meeting, according to the CME FedWatch tool.

The FOMC press conference will be observed for any signs that rate cuts may start in September. Traders are also awaiting key economic data this week, including the Q2 Personal Consumption Expenditures (PCE) inflation report and July's Nonfarm Payrolls, for further insight into the health of the US economy.

Trump and his administration have kept up pressure on Fed Chair Jerome Powell, sparking concerns about the central bank's traditional independence and resistance to political influence. Trump has been particularly critical of Powell, fueling speculation in Washington and on Wall Street that he might attempt to remove the Fed chair. For the moment, however, Trump appears to have stepped back from that notion.

On Tuesday, US-China talks in Stockholm ended without an extension of the current truce. US Treasury Secretary Scott Bessent said on Tuesday that the United States (US) and China will continue talks over maintaining a tariff truce before the deadline in two weeks, and Trump will make the final decision on any extension. Bessent tamped down any expectation of Trump rejecting the extension.

US Dollar PRICE Today

The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the weakest against the Japanese Yen.

  USD EUR GBP JPY CAD AUD NZD CHF
USD   -0.16% -0.11% -0.27% -0.04% -0.12% -0.23% -0.23%
EUR 0.16%   0.08% -0.17% 0.10% 0.00% -0.07% -0.02%
GBP 0.11% -0.08%   -0.24% 0.07% -0.05% -0.12% -0.08%
JPY 0.27% 0.17% 0.24%   0.29% 0.21% 0.10% 0.12%
CAD 0.04% -0.10% -0.07% -0.29%   -0.08% -0.19% -0.14%
AUD 0.12% -0.00% 0.05% -0.21% 0.08%   -0.07% -0.02%
NZD 0.23% 0.07% 0.12% -0.10% 0.19% 0.07%   0.05%
CHF 0.23% 0.02% 0.08% -0.12% 0.14% 0.02% -0.05%  

The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the US Dollar from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).

 


Date

Created

 : 2025.07.30

Update

Last updated

 : 2025.07.30

Related articles


Show more

FXStreet

Financial media

arrow
FXStreet

FXStreet is a forex information website, delivering market analysis and news articles 24/7.
It features a number of articles contributed by well-known analysts, in addition to the ones by its editorial team.
Founded in 2000 by Francesc Riverola, a Spanish economist, it has grown to become a world-renowned information website.

Was this article helpful?

We hope you find this article useful. Any comments or suggestions will be greatly appreciated.  
We are also looking for writers with extensive experience in forex and crypto to join us.

please contact us at [email protected].

Thank you for your feedback.
Thank you for your feedback.

Most viewed

Canadian Dollar recedes after Fed rate hold

The Canadian Dollar (CAD) shed further weight against the US Dollar (USD) on Wednesday, with Loonie flows further hobbled by a broad-market step back into the safe haven Greenback.
New
update2025.07.31 05:21

USD/JPY soars to 3-month high as Powell dials down September cut bets

The USD/JPY rallies over 0.60% after the Federal Reserve held interest rates unchanged and as Fed Chair Jerome Powell, turned slightly hawkish and muted for a September rate cut. The pair trades at 149.38, refreshing three-month highs.
New
update2025.07.31 04:59

Forex Today: No changes expected at the BoJ meeting

The US Dollar (USD) rose to new multi-week tops underpinned by firmer results from US fundamentals and the upbeat tone from Chair Powell at his press conference after the Federal Reserve left its interest rates the same, as largely expected.
New
update2025.07.31 04:47

AUD/USD tumbles as Fed keeps rates in check, Powell on the spotlight

The AUD/USD plunges on Wednesday, extending its agony for fourth straight days after the Federal Reserve (Fed) decision to hold rates, thought not unanimously as two officials Waller and Bowman, who telegraphed their intentions before the blackout period, dissented and voted for a 25 bps rate cut.
New
update2025.07.31 03:39

EUR/USD slumps as Fed holds rates; Waller and Bowman dissent

The EUR/USD extended its losses during the North American session, as the Federal Open Market Committee (FOMC) held rates unchanged, in a vote split, that witnessed two Governors, favoring a 25-bps rate cut.  At the time of writing, the pair trades volatile at around 1.1475-1.1500, negative on the d
New
update2025.07.31 03:21

GBP/USD bounces on post-Fed Dollar weakness

GBP/USD caught an intraday bump following the Federal Reserve's (Fed) latest interest rate call, with the Federal Open Market Committee (FOMC) holding interest rates in the 4.25-4.5% range, as many market participants had expected.
New
update2025.07.31 03:18

Trump trying to steal the limelight

Within the Federal Reserve's monetary policy announcement, US President Donald Trump is sharing his own words.
New
update2025.07.31 03:15

US Dollar Index see a slight softening after Fed stands pat on rates once again

The US Dollar Index (DXY) jittered on Wednesday following the Federal Reserve's (Fed) latest interest rate hold. The Fed's main reference rate remains steady at 4.25-4.5%, as many market participants expected.
New
update2025.07.31 03:13

Gold slips below $3,300 after Fed holds rates not unanimously

Gold Price extends its losses on Wednesday after the Federal Reserve's held interest rates unchanged though not unanimously as two dissenters, being Fed Governor Christopher Waller and Michelle Bowman. The XAU/USD traded volatile hoovering near $3,300 yet it remains down 0.71%.
New
update2025.07.31 03:12

USD/JPY trades near three-week high on strong US data, Fed keeps rates unchanged at 4.50%

The Japanese Yen (JPY) weakens further against the US Dollar (USD) on Wednesday as the Greenback extends its rally for the fifth straight day, buoyed by a string of stronger-than-expected US economic data that reinforced the resilience of the world's largest economy.
New
update2025.07.31 03:06

Disclaimer:arw

All information and content provided on this website is provided for informational purposes only and is not intended to solicit any investment. Although all efforts are made in order to ensure that the information is correct, no guarantee is provided for the accuracy of any content on this website. Any decision made shall be the responsibility of the investor and Myforex does not take any responsibility whatsoever regarding the use of any information provided herein.

The content provided on this website belongs to Myforex and, where stated, the relevant licensors. All rights are reserved by Myforex and the relevant licensors, and no content of this website, whether in full or in part, shall be copied or displayed elsewhere without the explicit written permission of the relevant copyright holder. If you wish to use any part of the content provided on this website, please ensure that you contact Myforex.

  • Facebook
  • Twitter
  • LINE

Myforex uses cookies to improve the convenience and functionality of this website. This website may include cookies not only by us but also by third parties (advertisers, log analysts, etc.) for the purpose of tracking the activities of users. Cookie policy

I agree
share
Share
Cancel