US Dollar Index bias held neutral on October 11, 2026
The dollar is in focus ahead of September US CPI data, which is expected to show headline inflation lifted by energy to 3.7% while core holds steady at 2.4%. The report is being watched for what it means for US interest rate policy for the rest of the year, amid discussion of a possible Fed rate freeze and comments from Fed officials about hikes needed to reach the 2% target. Market commentary is also questioning whether the dollar rally has stalled, citing firm US inflation, unresolved European challenges, and attention on the US midterms.
Updated
The reading that day
NeutralAt the close of the UTC day.
BearishNeutralBullish
It held all day.
The day on the wire
00:0006:0012:0018:0024:00
The band shows the reading through the day; a mark shows where it changed. Each tick is a headline first seen that day.
The reading through the day
- 00:00Neutral
Headlines (18)
First seen on October 11
- Will September inflation cement US interest rate policy for the rest of the year?Financial Times
- When companies stop driving a hard bargain, Cleveland Fed President Beth Hammack starts worryingThe Wall Street Journal
- Fed’s Musalem says more rate hikes needed to reach 2% targetHellenic Shipping News
- US CPI preview: energy set to lift inflation to 3.7%, core seen steady at 2.4%InvestingLive
Carried over from earlier days
- Fed’s Musalem Says High Bond Yields Still Not Tight Enough to Replace Further HikesActionForex
- FX Daily: High bar for a dollar correctionING Think
- Forex Today: US Dollar retreats alongside bond yields as mood improvesFXStreet
- Japanese Yen underperforms against its peers into the weekendFXStreet
- Week Ahead – US CPI, France’s Budget Crisis and Q3 Earnings to Set the Market ToneActionForex
- Euro struggles as French fiscal concerns and firm US Dollar dominateFXStreet
- US Dollar strengthens as Fed rate hike fears growmarketpulse.com
- Japanese Yen struggles as wide US-Japan yield gap weighsFXStreet
- US Dollar Strength Is Becoming Gold’s Biggest Near-Term ConstraintInvesting.com
- US Dollar Weekly Forecast: December is calling, but CPI gets the final wordFXStreet
- Dollar Index stalls under its high as the Fed's hawks repeat themselvesFXStreet
- Inflation target of 2% may not stop the next Fed rate freezeCryptoSlate
- Has the Dollar Rally Stalled, or Is It Already Waiting for the Midterms?ActionForex
- Week Ahead: Firm US CPI and Unresolved European Challenges Despite Deal with Beijing may Drive Marketsmarctomarket.com
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, October 11 | ||
| Visitor Arrivals m/m | NZD | |
| Bank Holiday | JPY | |
| Fed Monetary Policy Report | USD | |
| Monday, October 12 | ||
| Italian Trade Balance | EUR | |
| MPC Member Breeden Speaks | GBP | |
| MPC Member Mann Speaks | GBP | |
| FOMC Member Hammack Speaks | USD | |
| BRC Retail Sales Monitor y/y | 0.8% | GBP |