U.S. Dollar Index Rises 0.1% to 101.52 as Fed Rate Decision Looms

On Monday, July 27, the U.S. Dollar Index (DXY) rose 0.1% to 101.52, as investors prepared for a series of critical monetary policy decisions this week, according to market data. The Federal Reserve is widely expected to hold interest rates unchanged on Wednesday, with CME FedWatch data showing approximately 62% probability of no change.

Oil prices declined earlier this week following a pause in U.S.-Iran military escalation, easing inflation concerns and reducing demand for safe-haven assets. Crude oil had surged roughly 20% over two weeks amid heightened Middle East tensions.