Dollar Dives Below 100.00 Amid FOMC Fallout

The US dollar has fallen back below 100.00 following last week's FOMC meeting, according to MUFG.

The Fed left interest rates on hold and Chair Kevin Warsh offered less hawkish guidance than expected.

MUFG forecasts assume no Fed hikes this year and point to a gradual dollar re-weakening later in 2026.

However, the lack of clear forward guidance from the Fed is making it difficult to assess their next move, which could contribute to more market volatility.