💵 Dollar Holds Near 18-Month High
📈 Dollar Remains Strong
The U.S. dollar stayed near its strongest level in 18 months, supported by hawkish signals from the Federal Reserve’s latest meeting minutes. The dollar index was steady at 102.23 after rising 0.3% on Wednesday.
🏦 Fed Minutes Signal Inflation Concerns
The Fed’s September meeting minutes showed that most policymakers remained concerned about inflation and saw risks tilted to the upside. The Fed had raised rates by 25 basis points at the meeting.
📊 Rate-Hike Expectations
Markets still expect the Fed to hold rates steady later this month. Fed funds futures currently imply only about a 19% chance of another 25-basis-point hike at the October 28 meeting.
💱 Major Currency Moves
🇯🇵 USD/JPY: Down 0.2% to 157.815 🇪🇺 EUR/USD: Flat at $1.1201 🇬🇧 GBP/USD: Flat at $1.3215 🇦🇺 AUD/USD: Flat at $0.6960 🇳🇿 NZD/USD: Flat at $0.5600 🇨🇳 USD/CNY: Flat at 6.7015
₿ Crypto Market
🟠 Bitcoin: Down 0.2% to $83,233 🔵 Ethereum: Down 0.1% to $2,571
🌐 Market Outlook
The strong dollar and persistent inflation concerns continue to point toward a cautious global market environment, while traders closely watch upcoming Fed signals for clues on future interest-rate policy.
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