USD rose for a second day on hopes of a US interest rate hike

USD rose on Thursday against a basket of global currencies to continue its second consecutive day of rebound from a two-week low on hopes of raising US interest rates at least once this year. The most recent meeting of monetary policy, and investors are looking later today a number of important economic data from the United States, on durable goods orders and the performance of the main sectors of the economy during February.

USD index rose 0.2% to 96.53 points, the opening level of 96.36 points and the lowest level at 96.24 points.

Yesterday, the index gained less than 0.1% in its first gain in five days, reversing from a two-week low of 96.11 points recorded earlier in the trading session.


Federal Reserve said Wednesday in its latest minutes of monetary policy discussions in late January that the US economy and the labor market remained strong, raising the possibility of raising US interest rates at least once this year.

FBS The Best Forex Broker

Investors are looking for a number of important economic data from the US today, perhaps the most important data on Durable Goods Orders and the performance of key sectors of the US economy during February.

Durable goods orders are one of the most important indicators of measuring the level of investment spending in the country. Investment spending accounts for more than 16% of the value of GDP. Data is delayed by more than one month due to the closure of the US government.

Durable Goods orders are expected to rise 1.6% in December from a 0.7% rise in November, excluding expected transportation items rising 0.3% from a 0.4% drop.

The preliminary reading of the Manufacturing PMI is expected to be 54.9 points in February from 54.9 points in January. The Services sector PMI is expected to rise 54.4 points and 54.2 points last month.

Copyright © 2026. All Rights Reserved. FXDailyReport.Com
Risk Warning: Trading CFDs is a high risk activity and you may lose more than your initial deposit. You should never invest money that you cannot afford to lose. FXDailyReport.com will not accept any liability for loss or damage as a result of reliance on the information contained within this website including data, quotes, charts and buy/sell signals. Please be fully informed regarding the risks and costs associated with trading the financial markets.