Post #15217

Dollar Approaches the 100 Wall The DXY is now at 100 — a key resistance zone that’s capped rallies multiple times this year. The dollar’s strength stems from the Fed’s hawkish tone following last week’s rate cut. Chair Powell emphasized that a December cut is not guaranteed, signaling growing caution about further easing without more complete data — which remains scarce amid the U.S. government shutdown. Traders have since scaled back their expectations, now pricing a roughly 68% chance of another cut in December versus nearly 95% before Powell’s remarks. If data surprises on the upside or the Fed maintains its cautious tone, DXY bulls could finally push through the 100.5 ceiling, extending the rally toward 101.3. Conversely, if incoming private-sector reports (like ADP or ISM) hint at cooling growth, sentiment could turn risk-on, allowing bears to fade this move and drive the index back below 99.0. For now, momentum favors the upside — but the 100-handle remains the ultimate test for dollar strength.