Dollar slips as scaled-back Fed hike bets offset hawkish Fed: Oct 31, 2026
The US Dollar Index slipped as markets scaled back expectations for Fed hikes beyond December, with Fed caution cooling upside and a hawkish Fed described as insufficient on its own. Weakness in technology shares overshadowed hawkish Fed messaging and reduced safe-haven demand on US-Iran hopes, while strong US data was cited as a factor that may reinforce Fed hawkishness.
Updated
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Headlines (9)
Carried over from earlier days
- US Dollar: Fed caution cools upside – MUFGFXStreet
- Personal Income and Outlays, August 2026bea.gov
- US Dollar: Strong US data may reinforce Fed hawkishness - BBHFXStreet
- United States Dollar Index slips as US-Iran hopes cap safe-haven bidFXStreet
- Greenback Dragged Lower by Questions of the AI Mememarctomarket.com
- US Dollar Index struggles as tech sell-off overshadows hawkish FedFXStreet
- Dollar Falls Across the Board as Markets Scale Back Fed Hike Expectations Beyond DecemberActionForex
- Euro retreats despite stronger GDP and hawkish ECB signalsFXStreet
- US Dollar Weekly Forecast: A hawkish Fed is no longer enoughFXStreet
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Saturday, October 31 | ||
| Manufacturing PMI | 49.9 | CNY |
| Non-Manufacturing PMI | 50.0 | CNY |
| Sunday, November 1 | ||
| Manufacturing PMI | CNY | |
| Non-Manufacturing PMI | CNY | |
| Daylight Saving Time Shift | CAD | |
| Daylight Saving Time Shift | USD | |
| FOMC Financial Stability Report | USD | |
| Monday, November 2 | ||
| MI Inflation Gauge m/m | AUD | |