WSJ Dollar Index set for fourth straight week of gains

By Ed Ballard The dollar keeps on getting stronger. The WSJ Dollar Index, which tracks the greenback against a basket of currencies, is on pace for a fourth consecutive week of gains, the longest streak since May 2025, according to Dow Jones Market Data. The gains reflect investors' expectations that the Federal Reserve will continue to raise interest rates to rein in inflation. Higher rates tend to boost the dollar by making dollar-denominated assets more attractive. For now, it's hard to see what might stop the rally, analysts at ING wrote this morning: "With global bonds and risk sentiment still looking fragile, and a hawkish Fed narrative keeping markets convinced of a December hike, we retain a preference for a slightly stronger dollar in the near term." This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 09, 2026 09:45 ET (13:45 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.