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 EST Wednesday, February 11, 2026. EURUSD and GBPUSD were the weakest at 1.1200 and 1.4975, respectively, while USDJPY strengthened to 147.35. The dollar's strength reflects continued anticipation of higher interest rates by the Federal Reserve in the coming months, with traders pricing in a 70% chance of a 25-basis-point rate hike in March.