Dollar hovers near 101.70 as yields counter Fed hike bets: Oct 22, 2026
The US Dollar Index hovered around 101.70 as sliding US bond yields countered bets on Fed hikes, while oil-driven inflation and Fed neutrality helped it hold firm. September data showed consumer prices up 0.6% led by gasoline and producer prices up 1.3% with little change in payrolls, as the dollar steadied after an Iran deal report and denial and the euro gave back early gains.
Updated
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Headlines (9)
First seen on October 22
Carried over from earlier days
- Asian currencies firm as dollar retreats; yuan hits four-year highInvesting.com
- 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
- United States Dollar Index holds firm due to oil-driven inflation, Fed neutralityFXStreet
- PPI for final demand increases 1.3% in September; goods advance 2.6%, services rise 0.8%bls.gov
- Both payroll employment (+29,000) and unemployment rate (4.2%) change little in Septemberbls.gov
- CPI for all items increases 0.6% in September; gasoline risesbls.gov
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Thursday, October 22 | ||
| Summary of Monetary Policy Discussions | CHF | |
| Foreign Direct Investment ytd/y | CNY | |
| CBI Industrial Order Expectations | -20 | GBP |
| IPPI m/m | 0.9% | CAD |
| RMPI m/m | 3.1% | CAD |
| NHPI m/m | -0.1% | CAD |
| Unemployment Claims | 200K | USD |
| Consumer Confidence | -17 | EUR |