US Dollar Retreats From 18-Month High as Treasury Yields Fall and Fed Rate Hike Expectations Ease
📉 The US Dollar Index (DXY) fell around 0.2% to 102.03 on October 15, retreating from an 18-month high reached a day earlier following hotter-than-expected US CPI data.
🏦 The 10-year US Treasury yield declined to around 5.09% as investors shifted toward government bonds amid selling pressure on technology and AI-related stocks.
📊 Cautious remarks from Federal Reserve officials also eased expectations for a rate hike at the late-October meeting, although inflationary pressures remain.
🔎 The pullback suggests the dollar's post-CPI rally has struggled to sustain momentum. Markets continue to monitor US PPI and retail sales data for further signals on the interest rate outlook and the dollar's next direction.
#DXY $METIS
📉 The US Dollar Index (DXY) fell around 0.2% to 102.03 on October 15, retreating from an 18-month high reached a day earlier following hotter-than-expected US CPI data.
🏦 The 10-year US Treasury yield declined to around 5.09% as investors shifted toward government bonds amid selling pressure on technology and AI-related stocks.
📊 Cautious remarks from Federal Reserve officials also eased expectations for a rate hike at the late-October meeting, although inflationary pressures remain.
🔎 The pullback suggests the dollar's post-CPI rally has struggled to sustain momentum. Markets continue to monitor US PPI and retail sales data for further signals on the interest rate outlook and the dollar's next direction.
#DXY $METIS