Dollar slips below 102.00 as traders assess Fed rate outlook: Oct 21, 2026
The US Dollar Index slipped below 102.00 as traders assessed the Federal Reserve's rate outlook, with rising odds of a pause weighing on the currency. Moves were choppy after a report of an Iran deal briefly pressured the dollar before a denial helped it steady, while Asian currencies including the yuan and Indonesian rupiah firmed as the dollar retreated.
Updated
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Headlines (8)
Carried over from earlier days
- United States Dollar Index surrenders opening gains as AI risks continue to weighFXStreet
- Indonesian Rupiah gains as Fed pause odds hit US DollarFXStreet
- United States Dollar Index weakens below 102.00 as traders assess Fed rate outlookFXStreet
- Asian currencies firm as dollar retreats; yuan hits four-year highInvesting.com
- Australian Dollar holds onto gains against US Dollar, PBoC leaves rates steadyFXStreet
- FX Daily: Uneasy calm developsING Think
- Euro gives back early gains as US Dollar bounces backFXStreet
- Dollar Index drops on Iran deal report, steadies on denialFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Wednesday, October 21 | ||
| Credit Card Spending y/y | NZD | |
| CPI y/y | 3.4% | GBP |
| Public Sector Net Borrowing | 23.8B | GBP |
| PPI Output m/m | 0.7% | GBP |
| RPI y/y | 3.9% | GBP |
| Core CPI y/y | 2.8% | GBP |
| PPI Input m/m | 1.3% | GBP |
| German Buba President Nagel Speaks | EUR | |