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ForexMedium•30 March 2026•

1 min read

US Dollar Index Breaks Above 100 Mark Amid Geopolitical Shifts and Fed Outlook

Key Facts

1The Dollar Index (DXY) is approaching its 11-month highs, driven by safe-haven demand and trade flows.

2US President Donald Trump reported successful negotiations with Iran, stating that Tehran has met most of his 15 demands.

3Shifting FOMC expectations are contributing to the strengthening of the US currency.

The US Dollar Index (DXY) continues to trade above the 100 mark, reaching its highest levels in 11 months fueled by hawkish Federal Reserve expectations. The greenback is now on track to record its best quarterly performance since 2024, bolstered by intense safe-haven demand. This rally was specifically triggered by the outbreak of conflict in Iran on February 28, which redirected global capital flows toward the US currency. In the FX market, the USD/CAD pair hit new year-to-date highs, marking its seventh consecutive daily gain despite rising crude oil prices. While President Donald Trump noted progress in negotiations with Iran, the dollar remains resilient amid shifting geopolitical dynamics. Investors are now focused on the sustainability of the rally above the 100 level and upcoming signals from the FOMC.

8 days ago

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Version History

6 additional sources confirmed this story

Version 38 days ago

What changed: Added that the dollar is tracking its best quarter since 2024 and identified Feb. 28 as the start date of the Iran conflict that triggered the safe-haven rally.

Version 28 days ago

What changed: Added USD/CAD reaching YTD highs and its 7-day rally despite rising oil prices.

Version 19 days ago

What changed: Updated the story to reflect the US Dollar Index breaking the significant psychological and technical resistance level of 100.