Published by Pratik Algo
US Dollar Index Today, Sep 22: DXY Pulls Back From 100.67
US Dollar Index today, September 22, 2026: DXY trades near 100.4. Review oil headlines, ADP jobs data, Fed speakers and key support and resistance.
Daily market research from Pratik Algo covering price action, macro context and known event risks.
*By Pratik Algo | September 22, 2026* *Market snapshots retrieved: 12:47–12:50 UTC. All event times below are UTC.*
The US Dollar Index today is trading near 100.40, after reaching a session high of 100.67. The retreat leaves DXY close to unchanged on the provider's daily comparison, with attention turning to US employment data, scheduled Federal Reserve appearances and developments affecting oil supply. DXY market data
For today's dollar outlook, the key question is whether the early advance can recover as the US session develops. A strong headline alone may be insufficient: the response in Treasury yields and the index's major currency components will help show whether a move has broader support.
DXY and Treasury yield snapshot
| Reference | Retrieved reading | Change shown or calculated |
|---|---|---|
| US Dollar Index, DXY | 100.40 | −0.02% |
| DXY session range | 100.31–100.67 | Intraday range |
| US 2-year Treasury yield | 4.730% | −2.3 basis points |
| US 10-year Treasury yield | 4.935% | −2.8 basis points |
DXY is expressed in index points. Investing.com labels its index feed “real-time derived”; these are indicative snapshots, not executable prices. The UTC window is our retrieval time, not an independently verified exchange timestamp. Yield changes are calculated against each page's displayed previous close. DXY, 2-year yield, 10-year yield
Oil headlines interrupt the dollar's early advance
Reuters reported that the dollar reversed part of its early strength after Iran proposed reopening the Strait of Hormuz within seven days, conditional on the US easing military pressure and lifting its blockade on Iranian ports. Oil prices fell following the report. This was a conditional proposal, not confirmation that normal shipping had resumed. Reuters currency-market report
Our interpretation: sustained relief in energy costs could reduce inflation pressure and demand for defensive dollar holdings. That would potentially limit the currency's gains. However, the effect depends on whether diplomatic statements translate into actual supply improvements.
If negotiations disappoint or shipping risks rise again, the same channel could work in reverse. The dollar response also depends on how other economies and central banks react, so falling oil should not be treated as an automatic dollar sell signal.
Fed policy still matters after last week's hike
The Federal Reserve increased its target range by 25 basis points to 3.75%–4.00% on September 16. The decision was unanimous, and the statement described inflation as elevated alongside solid economic activity. Federal Reserve statement
That decision remains the policy backdrop. Today's potential catalyst is any new information that changes expectations for the next steps.
Our assessment is that comments supporting further tightening could help the dollar if US yields respond positively. More cautious language, particularly alongside continued yield declines, could make an immediate recovery harder. A scheduled appearance does not guarantee a policy announcement, and a single official's comments should not be treated as a decision by the full committee.
Fresh ADP data: understand what the number measures
ADP's September 22 release reported an average gain of 20,000 private-sector jobs per week over the four weeks ending September 5. The preceding period's estimate was revised to 16,750. These preliminary figures may change. ADP release, distributed through PR Newswire
This is a four-week moving-average measure, rather than a monthly payroll total or the government's nonfarm payroll report.
For the dollar, our interpretation is that the improvement provides another piece of evidence about labour-market resilience. It is insufficient on its own to establish the direction of the next Fed decision; inflation evidence and broader employment trends also matter.
Today's remaining events
| Time, UTC | Scheduled event | What to watch |
|---|---|---|
| 13:55 | US President Donald Trump's speech | Any material policy or geopolitical developments |
| 14:00 | Richmond Fed manufacturing index | Activity, orders and pricing details |
| 14:05 | New York Fed President John Williams | Any comments on inflation or the policy outlook |
| 14:20 | Fed Vice Chair Philip Jefferson | Whether remarks add policy information |
| 17:00 | Richmond Fed President Thomas Barkin | Any change in the assessment of growth and inflation |
These events were upcoming at the research snapshot. The calendar showed a Richmond manufacturing consensus of 2, compared with a previous reading of 4; neither is today's actual result. The source displayed London time, GMT+1, so one hour has been subtracted for UTC. Schedules can change. September 22 economic calendar
The Richmond report is a regional survey. A surprise may influence sentiment, but its components and the wider data picture matter more than treating one headline reading as a national verdict.
Dollar Index support and resistance references
| Area | Basis for monitoring |
|---|---|
| 100.67 | Today's retrieved session high |
| 100.56 | September 18 high; an intermediate reference below today's peak |
| 100.45 | September 21 high |
| 100.31 | Today's retrieved session low |
| 100.17–100.18 | September 18 and September 21 lows |
| 100.00–100.02 | Round-number area and September 17 low |
These levels come from the current quote and dated DXY history. They are observed reference areas, not guaranteed turning points or trade targets.
Recovery scenario: regaining 100.45 and 100.56 would put the session high back in focus. A sustained move above 100.67, supported by firming yields and broader dollar strength, would offer stronger evidence of continuation.
Range scenario: holding above 100.31 while failing to recover the upper references would suggest consolidation. Repeated reversals around news releases would provide limited evidence of a durable direction.
Pullback scenario: a sustained loss of 100.31 would shift attention toward 100.17–100.18. Failure to recover that area would make the round-number zone more relevant. These are conditional scenarios without assigned probabilities.
Watch the euro alongside US news
ICE's Dollar Index measures the dollar against six currencies, with the euro carrying a 57.6% weight. ICE index composition
That concentration means a meaningful euro move can influence DXY even when US news is quiet. Our practical focus is therefore the combination of EUR/USD, Treasury yields and the index's response after scheduled events, rather than the first price spike.
For the preceding session's context, read our September 21 US Dollar Index update.
*This article is general market commentary, not personalized investment advice. Prices, schedules and reference levels can change as new information arrives.*
Risk notice: This market overview is educational, not financial advice or a trade signal. Market conditions can change quickly. Verify current prices and use independent risk management before making any decision.