Dollar Likely to Be Supported if FOMC Delivers 'Hawkish' Hold -- Market Talk

0140 GMT - The dollar is likely to be supported if the FOMC delivers a "hawkish" hold at its rate decision due out today, MUFG Bank's Lloyd Chan says in a research report. "Our base case is for a hawkish hold, with the Fed likely to keep rates unchanged and emphasize that inflation risks remain high," the senior currency analyst says. "This could keep U.S. yields and the dollar supported, in turn weighing on Asia FX broadly," Chan says. "The balance of risks remains tilted toward USD resilience should the Fed continue to emphasize its high-for-longer policy stance," Chan adds. The U.S. Dollar Index is flat at 101.375, LSEG data show. (ronnie.harui@wsj.com)

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July 28, 2026 21:40 ET (01:40 GMT)