The dollar paused its slide on Thursday as investors positioned for next week's central bank meetings, where hawkish holds are expected in Japan, the US and Europe. Sterling gained as UK inflation rose to 3.5% in September from 3.1%, above the 3.4% consensus, and markets now treat a quarter-point Bank of England hike to 4% on November 5 as nearly certain. The euro remains a favored short on France's fiscal problems and Europe's energy vulnerability, though it has held steady in a tight range. On the 2-hour chart, DXY trades near 101.58, just above 101.51 support, with weaker rebounds beneath a descending trendline. The author leans slightly bearish unless the index sustainably breaks above 101.83.
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US dollarpound sterlingDXYinflationinterest rates
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Related tickers and likely impact
DXY
• NeutralRelevance: high
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
GBP/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 1.33943 |
| Change that session | +0.11% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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