Dollar Index at 103.50: EURUSD and GBPUSD Weaker as Fed Funds Outlook Stabilizes

The dollar index stood at 103.50 as of 10:00 AM Tuesday, February 10, 2026. EURUSD and GBPUSD declined to 1.1200 and 1.4890, respectively, while USDJPY strengthened to 146.25. The Fed funds futures indicated a 72% chance of a 25-basis-point rate hike in March, keeping volatility in check. Treasury yields held near 5.25% as the two-year and 10-year breakeven inflation expectations remained stable at 3.30 and 3.60 basis points.