Dollar edges back from 18-month high after FOMC minutes
Fed minutes showed policymakers saw inflation as the biggest risk, while CME Group traders priced only a 19% chance of another hike this month.
- On Thursday, the US dollar held near its strongest level in 18 months following hawkish Federal Open Market Committee minutes that identified inflation as the biggest risk to policymakers' outlook.
- Westpac analysts wrote that FOMC minutes reinforced the hawkish tone accompanying the Fed's September rate hike, with most participants viewing further tightening as appropriate. The dollar index remained steady at 102.23 after rising 0.3% on Wednesday.
- Against the firm dollar, major currencies showed minimal movement; the Australian dollar and kiwi held flat at $0.6960 and $0.5600, while the euro, British pound, and Chinese yuan remained unchanged at $1.1201, $1.3215, and 6.7015 respectively.
- Japan's current account surplus reached 4.062 trillion yen in August, exceeding the 3.19 trillion yen forecast, causing the US dollar to slip 0.2% against the yen to 157.815.
- Market expectations suggest the Federal Reserve will refrain from hiking later this month, with futures pricing a 19% probability of a 25-basis-point increase at the October 28 meeting, unchanged from a day earlier.
14 Articles
14 Articles
Dollar holds near 18-month high, euro lags as bond yields rise
LONDON, Oct 8 : The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro.The global bond sell
Following the release of the minutes from the US Federal Reserve's September 15-16 meeting, the dollar index traded sideways at 102.23 in the Asian session. The index remains near its strongest levels since April 9, 2025.
The Island Packet
Dollar edges back from 18-month high after FOMC minutes
SINGAPORE, Oct 8 (Reuters) - The dollar held near its strongest level in a year-and-a-half in subdued trading at the start of the Asian session on Thursday, after hawkish minutes from the Federal Open Market Committee signaled policymakers at the US central bank viewed inflation as the biggest risk to their outlook.
The dollar held today near the highest level in the last 18 months, after the minutes from the last meeting of the Federal Reserve (FED) showed that the officials.
U.S. dollar nears 18-month high as oil prices, yields pressure euro
The U.S. dollar edged towards an 18-month high against major currencies on Thursday after minutes from the Federal Reserve’s latest meeting highlighted inflation as the biggest risk to the central bank’s outlook. The dollar’s strength came as higher oil prices and rising euro zone bond yields added pressure on the euro, while a global bond […]
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