03 Sep 2025
US Dollar Index gains momentum to near 98.50 on cautious mood
US Dollar Index gains traction to around 98.40 in Wednesday’s early Asian session, up 0.11% on the day.
A cautious mood and geopolitical risks provide some support to the DXY. Rising Fed rate cut bets and trade uncertainties might cap the US Dollar’s upside. The US Dollar Index (DXY), an index of the value of the US Dollar (USD) measured against a basket of six world currencies, drifts higher near 98.40 during the early Asian trading hours on Wednesday. The US JOLTS Job Openings and the Fed Beige Book will be released later on Wednesday.
