Dollar Index at 103.50: EURUSD and GBPUSD Weaker Amid Fed Policy Outlook

The U.S. dollar index stood at 103.50 as of 10:00 AM EST February 9, 2026. EURUSD and GBPUSD traded at 1.1025 and 1.4230, respectively. The dollar gained strength on expectations of continued Fed tightening, with traders pricing in a 70% chance of a 25-basis-point hike in March. The Federal Open Market Committee is scheduled to release its latest policy statement on March 2-3, 2026, following which the dollar is likely to remain under pressure if inflation or employment data disappoint.