Dollar's Gains Unlikely to Last -- Market Talk

Dow Jones
Yesterday

1225 GMT - The U.S. dollar's gains after better-than-expected U.S. economic data and the Federal Reserve's meeting minutes probably won't last, MUFG Bank's Derek Halpenny says in a note. Data Wednesday on durable goods, housing and industrial production exceeded expectations, while the Fed's minutes showed caution over further interest rate cuts. However, dollar sentiment is likely to remain fragile as long as Donald Trump remains president given his policy unpredictability and threats to the Fed's independence, he says. National Economic Council Director Kevin Hassett criticized New York Fed analysis on tariffs, providing an example of how the White House could interfere with Fed independence, he says. The DXY dollar index rises to a near two-week high of 97.798. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

February 19, 2026 07:25 ET (12:25 GMT)

Copyright (c) 2026 Dow Jones & Company, Inc.

At the request of the copyright holder, you need to log in to view this content

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10