Dollar falls as tech slide overshadows steady Fed: Nov 1, 2026
The dollar fell broadly after the Federal Reserve held interest rates steady while officials pointed to more hikes ahead. The hawkish message was overshadowed by a tech-led slide linked to questions around AI spending, with the dollar moving alongside lower yields. Markets also scaled back expectations for Fed hikes beyond December, even as stronger growth was cited as supporting hike pricing.
Updated
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Headlines (10)
Carried over from earlier days
- U.S. Q3 GDP and Core PCE Put a December Fed Rate Hike in Focusbabypips.com
- United States Dollar Index slips as US-Iran hopes cap safe-haven bidFXStreet
- Euro retreats from day’s high as US Dollar rebounds, German HICP data awaitedFXStreet
- US Dollar: Stronger growth supports rate hike pricing – CommerzbankFXStreet
- Greenback Dragged Lower by Questions of the AI Mememarctomarket.com
- investingLive European session wrap: AI spending fears spook tech stocks; dollar falls alongside yields, goldInvestingLive
- 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
- US Dollar Weekly Forecast: A hawkish Fed is no longer enoughFXStreet
- The Fed held interest rates steady, but these officials see more hikes coming soonMarketWatch
Scheduled events
As of
| Event | Forecast | Currency |
|---|---|---|
| Sunday, November 1 | ||
| Non-Manufacturing PMI | CNY | |
| 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 | |
| Final Manufacturing PMI | 53.3 | JPY |
| Household Spending m/m | AUD | |