◂ Event Timeline

Aug 26, 2026MACROUS

U.S. data buoys dollar as Fed hike expectations nudged higher

The dollar held at a two-week high on Wednesday after US PCE inflation rose 3.7% year-on-year in July, slightly above forecasts, nudging up Fed hike expectations. The dollar index rose 0.24% to 99.145.

WHY IT MATTERS

Sticky US inflation raises the likelihood of Fed tightening, which supports the dollar and can weigh on dollar-denominated commodity prices.

AFFECTSUS Dollar (Broad)▲

SOURCE
cnbc.comReutersAug 26, 2026

Price reaction & history

US Dollar (Broad)▲bullishSO FAR1d +0.2%5d +0.4%20d +1.6%

After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.

Jun 29, 2023Dollar index hits two-week high as data boosts Fed hike expectations+0.4%
Oct 31, 2022Dollar gains on Fed rate hike expectations-0.1%
Apr 17, 2023Dollar rebounds on higher expectations for Fed hike in May | IBTimes UK+0.4%
Oct 14, 2026Dollar hits fresh 18-month high as hot inflation boosts Fed hike expectation-0.3%
Jun 1, 2026Investors expect US dollar to break higher as Fed battles inflation+1.0%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

US Dollar (Broad) DXY · GP ▸

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