Dollar Index at 103.15: EURUSD and GBPUSD Weakest Amid Fed Policy Outlook

The U.S. dollar index stood at 103.15 as of 10:00 AM Thursday, February 5, 2026. EURUSD and GBPUSD were the weakest at 1.1135 and 1.5042, respectively, while USDJPY and USDCHF strengthened to 143.75 and 0.9942. The dollar's strength reflects continued anticipation of higher interest rates by the Federal Reserve, with traders pricing in a 70% chance of a 25-basis-point rate hike in March. The dollar's performance is closely watched amid ongoing inflation and economic data, with the personal consumption expenditures (PCE) index expected to rise in January.