# US Dollar Index hovers around 98.00 ahead of FOMC Meeting Minutes

> FXStreet reports the US Dollar Index held near 98.00 ahead of the FOMC minutes, with markets pricing about 84% odds of rates held in January. Traders weighed expected rate cuts in 2026 and geopolitical risks including Ukraine and the Middle East.

- Date: 2025-12-30 · published 2025-12-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/21689-us-dollar-index-hovers-around-98-00-ahead-of-fomc-meeting-minutes
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Expectations of further Fed cuts keep the dollar under some pressure, which modestly supports dollar-priced commodities for importers.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-08-29 | [US Dollar Index surges near 98.00 ahead of PCE Price Index data](https://feedsoft.ai/events/23513-us-dollar-index-surges-near-98-00-ahead-of-pce-price-index-data.md) | -0.1% | +0.1% |
| DXY | 2019-06-17 | [Forex Market: Dollar steady ahead of Fed meeting; low chances of June rate cut](https://feedsoft.ai/events/58784-forex-market-dollar-steady-ahead-of-fed-meeting-low-chances-of-june-rate-cut.md) | -0.9% | -1.1% |
| DXY | 2024-01-31 | [Dollar Flat Ahead of FOMC Decision, US Payrolls Report](https://feedsoft.ai/events/32401-dollar-flat-ahead-of-fomc-decision-us-payrolls-report.md) | +0.3% | +0.4% |
| DXY | 2024-11-15 | [Australian Dollar holds recovery ahead of US Retail Sales data](https://feedsoft.ai/events/27662-australian-dollar-holds-recovery-ahead-of-us-retail-sales-data.md) | +0.1% | +0.2% |
| DXY | 2018-09-26 | [A crucial Fed meeting for the dollar \| articles \| ING THINK](https://feedsoft.ai/events/63240-a-crucial-fed-meeting-for-the-dollar-articles-ing-think.md) | +0.2% | +1.5% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/us-dollar-index-hovers-around-9800-ahead-of-fomc-meeting-minutes-202512300409

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