The U.S. dollar weakened against major currencies in the European session as expectations of a Federal Reserve rate hike declined and worries over AI overinvestment weighed. Investors are coming to terms with the Fed standing pat on rates at next week's policy meeting. Odds of a quarter-point hike fell to 17% from nearly 60% last week, according to CME's FedWatch Tool, after some Fed officials said they need more time to assess the impact of September's hike.
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Related tickers and likely impact
DXY
▼ Likely negativeRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 101.98 |
| Change that session | +0.20% |
EUR/USD
▲ Likely positiveRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 1.12125 |
| Change that session | -0.24% |
AUD/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 0.69799 |
| Change that session | +0.49% |
GBP/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 1.33040 |
| Change that session | -0.20% |
NZD/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 0.56627 |
| Change that session | +0.17% |
USD/CAD
▼ Likely negativeRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/19/2026 | 1.41108 |
| Change that session | -0.20% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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