# US Dollar Index rises to near 98.50 as FOMC Minutes hint at pausing rate cuts

> The US Dollar Index rose toward 98.50 after December FOMC minutes showed most officials open to further cuts only if inflation declines, with some favoring a pause. CME FedWatch showed about an 85% chance of rates being unchanged in January, and the DXY is on track for its largest annual drop of nearly 9.5%.

- Date: 2025-12-31 · published 2025-12-31T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/21683-us-dollar-index-rises-to-near-98-50-as-fomc-minutes-hint-at-pausing-rate-cuts
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and fewer expected Fed cuts reduce the currency-driven support for US commodity exports and raise the relative cost of dollar-priced feed ingredients for importers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-03-20 | [Dollar rises as Fed sees no rush to cut rates](https://feedsoft.ai/events/25773-dollar-rises-as-fed-sees-no-rush-to-cut-rates.md) | +0.3% | -2.0% |
| DXY | 2026-02-24 | [US Dollar Firms as Fed Minutes Temper Rate-Cut Expectations \| Investing.com](https://feedsoft.ai/events/20509-us-dollar-firms-as-fed-minutes-temper-rate-cut-expectations-investing-com.md) | +0.6% | +1.7% |
| DXY | 2024-12-18 | [Dollar index hits two-year high after Fed delivers rate cut](https://feedsoft.ai/events/26849-dollar-index-hits-two-year-high-after-fed-delivers-rate-cut.md) | +0.7% | +1.5% |
| DXY | 2019-05-24 | [ING: U.S. Dollar to Remain Supported as Markets for a Fed Rate Cut are Misplaced](https://feedsoft.ai/events/59252-ing-u-s-dollar-to-remain-supported-as-markets-for-a-fed-rate-cut-are-misplaced.md) | +0.4% | -1.2% |
| DXY | 2024-03-19 | [Gold loses footing as US dollar rises; Fed in focus](https://feedsoft.ai/events/31101-gold-loses-footing-as-us-dollar-rises-fed-in-focus.md) | +0.4% | +1.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/us-dollar-index-rises-to-near-9850-as-fomc-minutes-hint-at-pausing-rate-cuts-202512310438

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