Created
: 2025.09.10
- English
- English
- What's Myforex
- Share
- Use tools
- Get information
- What's New
- Help center
- About us
- Customer support
- Terms and policies
-
-
PortfolioShare your portfolio and performance in real time -
Events & contestsEvents and contests held by retail brokers around the world
-
-
Real-time spread comparisonCompare spreads of major retail brokers in real time -
Volatility analysisVisualize volatility as a measure of daily market activity -
Swap point comparisonCompare buy and sell swap values for each broker by symbol -
Market rates & chartsCheck prices for all instruments offered by each broker -
IndicatorsProviding in-house developed indicators for MT4/MT5 -
Trading calculatorsCalculation tools for each broker to help you trade
-
-
World FX newsLatest news on forex and cryptocurrencies from around the world -
Broker informationTrading information of retail brokers worldwide -
MetaTrader4/5 user guideUser guide collection for the latest MetaTrader4/5 -
Economic calendarRelease calendar for indicators from official sources of major economies
US Dollar Index remains below 98.00 as revised NFP data reinforce odds of Fed rate cuts
World FX news
Breaking news
US Dollar Index remains below 98.00 as revised NFP data reinforce odds of Fed rate cuts
New
2025.09.10 12:55
2025.09.10 12:55
2025.09.10 12:55
- US Dollar Index weakened as disappointing revised job growth figures fueled rising Fed rate cut expectations.
- US Nonfarm employment for March 2025 for March 2025 will likely be revised down by 911,000.
- CME FedWatch tool suggests a pricing of more than 93% of a 25-basis-point Fed rate cut in September.
The US Dollar Index (DXY), which measures the value of the US Dollar (USD) against six major currencies, is treading water below 98.00 during the Asian hours on Wednesday. The Greenback is poised to struggle as traders widely expect a rate cut by the US Federal Reserve (Fed) in September, driven by the disappointing revised US job growth figures.
The US Bureau of Labor Statistics (BLS) reported that the economy likely created 911,000 fewer jobs in the 12 months through March than previously estimated, signaling a weaker labor market than previously estimated. The final benchmark revision will be issued in February 2026 with the publication of the January 2026 Employment Situation news release.
The CME FedWatch tool indicates a pricing in more than 93% of a 25-basis-point (bps) rate cut by the Fed at the September policy meeting, up from 86% a week ago. Focus shifts toward US inflation reports that could provide more cues on Fed policy outlook. The August US Producer Price Index (PPI) is scheduled for release on Wednesday, followed by the Consumer Price Index (CPI) on Thursday.
On Fed independence, a federal judge temporarily blocked US President Donald Trump from firing Fed Governor Lisa Cook. The order came nearly two weeks after Cook sued Trump to prevent him from removing her from the US central bank.
President Donald Trump has urged the European Union (EU) to impose 100% tariffs on Chinese and Indian goods in an effort to pressure Russian President Vladimir Putin. Washington said the Trump administration is ready to "mirror" any EU-imposed tariffs, indicating the US could raise duties on Indian and Chinese imports to a comparable level.
US Dollar FAQs
The US Dollar (USD) is the official currency of the United States of America, and the 'de facto' currency of a significant number of other countries where it is found in circulation alongside local notes. It is the most heavily traded currency in the world, accounting for over 88% of all global foreign exchange turnover, or an average of $6.6 trillion in transactions per day, according to data from 2022. Following the second world war, the USD took over from the British Pound as the world's reserve currency. For most of its history, the US Dollar was backed by Gold, until the Bretton Woods Agreement in 1971 when the Gold Standard went away.
The most important single factor impacting on the value of the US Dollar is monetary policy, which is shaped by the Federal Reserve (Fed). The Fed has two mandates: to achieve price stability (control inflation) and foster full employment. Its primary tool to achieve these two goals is by adjusting interest rates. When prices are rising too quickly and inflation is above the Fed's 2% target, the Fed will raise rates, which helps the USD value. When inflation falls below 2% or the Unemployment Rate is too high, the Fed may lower interest rates, which weighs on the Greenback.
In extreme situations, the Federal Reserve can also print more Dollars and enact quantitative easing (QE). QE is the process by which the Fed substantially increases the flow of credit in a stuck financial system. It is a non-standard policy measure used when credit has dried up because banks will not lend to each other (out of the fear of counterparty default). It is a last resort when simply lowering interest rates is unlikely to achieve the necessary result. It was the Fed's weapon of choice to combat the credit crunch that occurred during the Great Financial Crisis in 2008. It involves the Fed printing more Dollars and using them to buy US government bonds predominantly from financial institutions. QE usually leads to a weaker US Dollar.
Quantitative tightening (QT) is the reverse process whereby the Federal Reserve stops buying bonds from financial institutions and does not reinvest the principal from the bonds it holds maturing in new purchases. It is usually positive for the US Dollar.
Last updated
: 2025.09.10
Related articles
US PPI data set to show sticky inflation ahead of key CPI report
14 minutes agoForex Today: Market focus shifts to US producer inflation data
47 minutes agoUSD/CAD Price Forecast: 200-EMA remains key barrier for US Dollar bulls
2025.09.10 14:41EUR/GBP falls to near 0.8650 as consumer spending improves in UK
2025.09.10 14:41FX option expiries for Sept 10 NY cut
2025.09.10 14:29GBP/JPY climbs back above mid-199.00s; BoJ's hawkish stance could limits gains
2025.09.10 14:27
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
US PPI data set to show sticky inflation ahead of key CPI report
The United States (US) will publish the August Producer Price Index (PPI) on Wednesday. The report, produced by the Bureau of Labor Statistics (BLS), will be published one day ahead of the Consumer Price Index (CPI) data for the same month, scheduled for Thursday.
New
2025.09.10 16:00WTI climbs above $62.00 on rising tensions in the Middle East
West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $62.15 during the early Asian trading hours on Wednesday. The WTI climbs after Israel's air force carried out a strike on Hamas's senior political leadership in Qatar, raising fears of wider conflict in the Middle East.
New
2025.09.10 15:31Forex Today: Market focus shifts to US producer inflation data
Here is what you need to know on Wednesday, September 10:
New
2025.09.10 15:26Crude Oil price today: WTI price bullish at European opening
West Texas Intermediate (WTI) Oil price advances on Wednesday, early in the European session. WTI trades at $63.02 per barrel, up from Tuesday's close at $62.52.Brent Oil Exchange Rate (Brent crude) is also up, advancing from the $66.40 price posted on Tuesday, and trading at $66.90.
New
2025.09.10 15:08USD/CAD Price Forecast: 200-EMA remains key barrier for US Dollar bulls
The USD/CAD pair holds onto gains near Tuesday's high around 1.3850 during the late Asian trading session on Wednesday.
New
2025.09.10 14:41EUR/GBP falls to near 0.8650 as consumer spending improves in UK
EUR/GBP extends its losses for the second successive session, trading around 0.8650 during the Asian hours on Wednesday.
New
2025.09.10 14:41FX option expiries for Sept 10 NY cut
FX option expiries for Sept 10 NY cut at 10:00 Eastern Time via DTCC can be found below.
New
2025.09.10 14:29GBP/JPY climbs back above mid-199.00s; BoJ's hawkish stance could limits gains
The GBP/JPY cross stalled this week's retracement slide from the 200.35 region, or its highest level since July 2024, and staged a goodish intraday recovery from the weekly low touched on Tuesday.
New
2025.09.10 14:27GBP/USD Price Forecast: Crucial upside barrier emerges near 1.3600, traders await US PPI release
The GBP/USD pair trades on a stronger note around 1.3540 during the early European session on Wednesday. Traders ramp up their bets that the US Federal Reserve (Fed) will lower the borrowing costs at its September 16-17 policy meeting, which weighs on the US Dollar (USD) against the Cable.
New
2025.09.10 14:24EUR/JPY hovers around 172.50 as US-Japan tariff deal improves market sentiment
EUR/JPY holds ground after registering almost 1% losses in the previous two sessions, trading around 172.60 during the Asian hours on Wednesday.
New
2025.09.10 14:00Disclaimer:
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.
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
