The dollar index steadied around 99.6 on Tuesday after weakening in the previous session, as investors turned their focus from the US-Iran peace deal announcement to the Federal Reserve’s upcoming policy meeting. The central bank is widely expected to leave interest rates unchanged at its first meeting under new chair Kevin Warsh. Still, policymakers face a challenging backdrop, with recent inflation data coming in hotter than expected as the conflict with Iran drove energy prices higher. Investors also looked ahead to policy decisions from central banks in Japan, Australia, the UK, and other major economies this week. On Monday, the dollar came under pressure after President Donald Trump announced that the US had reached a peace agreement with Iran that would restore access through the Strait of Hormuz. The deal is expected to be signed in Switzerland on Friday.
The DXY exchange rate fell to 99.5599 on June 16, 2026, down 0.07% from the previous session. Over the past month, the United States Dollar has strengthened 0.37%, and is up by 0.75% over the last 12 months. Historically, the United States Dollar reached an all time high of 164.72 in February of 1985. United States Dollar - data, forecasts, historical chart - was last updated on June 16 of 2026.
The DXY exchange rate fell to 99.5599 on June 16, 2026, down 0.07% from the previous session. Over the past month, the United States Dollar has strengthened 0.37%, and is up by 0.75% over the last 12 months. The United States Dollar is expected to trade at 99.66 by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 97.88 in 12 months time.