# United States Dollar Index strengthens above 101.00 on Fed rate hike bets

> The US Dollar Index traded near 101.30 as it headed for its biggest monthly gain in nearly a year on Fed rate hike expectations. Fed funds futures priced about a 63% chance of a hike by September, and traders awaited the June jobs report.

- Date: 2026-06-30 · published 2026-06-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19015-united-states-dollar-index-strengthens-above-101-00-on-fed-rate-hike-bets
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Rising hike odds keep the dollar firm, which tends to pressure dollar-priced grain and oilseed values and makes US exports pricier for foreign buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-23 | [Dollar Hits Highest Since November as Fed Rate Hike Bets Strengthen - Bloomberg](https://feedsoft.ai/events/11990-dollar-hits-highest-since-november-as-fed-rate-hike-bets-strengthen-bloomberg.md) | +0.3% | +0.0% |
| DXY | 2026-06-24 | [US dollar strengthens to 13-month high on Fed rate hike expectations \| Reuters](https://feedsoft.ai/events/11985-us-dollar-strengthens-to-13-month-high-on-fed-rate-hike-expectations-reuters.md) | -0.1% | -0.4% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2025-01-10 | [Rand Tumbles Above 19 as Dollar Strengthens on US Jobs Data](https://feedsoft.ai/events/26805-rand-tumbles-above-19-as-dollar-strengthens-on-us-jobs-data.md) | +0.1% | -0.7% |
| DXY | 2023-05-23 | [Dollar Strengthens Broadly on Fed Rate Expectations \| The Epoch Times](https://feedsoft.ai/events/36139-dollar-strengthens-broadly-on-fed-rate-expectations-the-epoch-times.md) | +0.4% | -1.1% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/united-states-dollar-index-strengthens-above-10100-on-fed-rate-hike-bets-202606300351

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.