24 November 2025, 23:56 USA: Dollar Index Holds Above 100
The dollar index stayed above 100 on Monday to remain near a six-month high as investors continued to assess the Federal Reserve’s monetary policy outlook. FOMC Governor Waller reiterated his stance that a December rate cut will be idea to combat higher unemployment, and New York Fed President Williams said Friday that a near-term rate cut remains possible. Rate futures indicated that over 75% of the market is positioned for a cut next month, up from 40% a week earlier. Still, policymakers remain divided on the path forward, with Boston Fed President Susan Collins saying she has not yet made up her mind on a potential move. The dollar edged higher against the euro and sterling as fiscal strains in Europe came into focus, while the yen gave back part of Friday’s gains as traders weighed fresh verbal intervention from Japanese authorities.
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