The U.S. dollar steadied in Asia as traders weighed differing rate expectations ahead of five central-bank decisions next week, with AI spending seen possibly keeping U.S. growth firm and policy restrictive. Reuters reported markets expect the Fed, ECB and Bank of Japan to hold rates, while increases are anticipated in Canada and New Zealand, though these are market expectations rather than official decisions. The Fed raised its target range by 25 basis points to 3.75%-4.00% on Sept. 16 and meets Oct. 27-28, when traders expect no change before a possible increase in December. UK consumer price inflation rose to 3.5% in September from 3.1% in August, while New Zealand's annual inflation eased to 3.7% in the September quarter from 4.1% but stayed above the 1%-3% target band, and Canada's rose to 3.1% from 3.0%. Reserve Bank of Australia deputy governor Andrew Hauser said oil prices, AI-related demand and domestic capacity limits are inflation risks.
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Related tickers and likely impact
DXY
• NeutralRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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