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Macro

Dollar Index Rises 2% in September, Logging V-Shaped Rebound

The ICE US Dollar Index rose 0.10% to 101.477 in late New York trade on Wednesday, September 30, closing the month up 2.06%. The index has climbed steadily since falling to 98.599 on September 9, with a third-quarter gain of 0.29% and a trading range of 98.557-101.640. The Bloomberg Dollar Index added 0.05% to 1218.96, up 1.92% in September but down 0.26% for the quarter.

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AI take

The dollar's September rebound from early-month lows is notable because it reverses part of the prior weakness without confirming a broader trend shift: the quarterly gain is marginal, and the Bloomberg index actually slipped over the same three months. That divergence between monthly strength and quarterly flatness matters for dollar-sensitive assets, including commodities and crypto, which often trade against dollar direction. The open question is whether this V-shaped move extends into a sustained bid or fades as the quarter's rangebound pattern reasserts itself.

Generated by AI for reference only.

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