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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/27/2026 | 102.37 |
| Change that session | +0.35% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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- Bessent: Stablecoins will help cement dollar dominance
Treasury Secretary Scott Bessent, speaking at Ripple's Swell conference on October 27, said digital assets could reinforce the dollar's global position. He argued that stablecoin issuers could become the most reliable buyers of U.S. Treasuries as foreign governments buy fewer, and that easy access to dollars helps people in countries with hyperinflating currencies. He also said the Treasury could coordinate with the SEC and CFTC on crypto rules and advocated safeguards against crypto de-banking. The host noted the remarks were made to a crypto audience.
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- US Dollar Price Forecast: Fed Decision Looms, Can DXY Break 102.59 as EUR/USD and GBP/USD Slide?
The US dollar awaits the Federal Reserve's decision on October 28, with CME FedWatch showing about a 91% probability of no change in the target range and attention on Chair Kevin Warsh's guidance on December. The euro faces an ECB decision on October 29 after two rate hikes in 2026 took the deposit rate to 2.50%, while France's 10-year yield rose to 5.13% on October 22 before easing to 4.94% on October 27 amid fiscal uncertainty. Sterling depends on Britain's Budget on October 28 and the Bank of England's November 5 decision, after September CPI rose to 3.5% and public-sector net debt reached £3,005 billion. Technically, DXY near 102.43 faces resistance at 102.59 with support at 102.03, while EUR/USD near 1.1120 tests support at 1.1113 and resistance at 1.1150. The author leans bullish on the dollar while DXY stays above 102.03.
- Treasury's Bessent sees crypto as America's next tool for keeping the U.S. dollar on top
U.S. Treasury Secretary Scott Bessent, speaking at Ripple's Swell conference, argued that digital assets could reinforce the dollar's global dominance as technological leadership becomes a bigger source of economic influence alongside military strength. He said Treasury could work with the SEC and CFTC to clarify crypto rules after Congress failed to pass the Clarity Act, and set guardrails against banks cutting off crypto businesses. Bessent noted that the GENIUS Act established federal stablecoin rules, that more than 90% of stablecoins are backed by U.S. dollars, and that issuers often hold U.S. government securities as reserves, which could become an important source of funding for the Treasury.
- Dollar Posts 1.5-week High on Expectations for Hawkish FOMC Commentary
The dollar index (DXY00) rose 0.26%, hitting a 1.5-week high and extending gains to a third consecutive session. The dollar is getting support ahead of the 2-day FOMC meeting starting today, as markets expect Fed Chair Warsh to deliver somewhat hawkish comments on future rate hikes.
- US Dollar Rises Early Tuesday Ahead of Busy Data Schedule
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