The dollar slipped as doubts about the AI trade resurfaced, with CME FedWatch showing an 83% chance the Fed holds on October 28 and a 94% chance of at least one hike by December. The euro is held back by protests and a worsening fiscal outlook in France, with the French-German 10-year yield gap widening to 153 basis points. UK CPI rose 3.5% year-on-year in September, above the 3.4% expected, strengthening the case for a Bank of England hike at its November 5 meeting. Technically, DXY near 101.81 is testing a descending trendline with resistance at 102.01 and support at 101.58, GBP/USD near 1.3371 eyes resistance at 1.3404, and EUR/USD near 1.1220 has been rejected at 1.1241, with support at 1.1204.
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Related tickers and likely impact
DXY
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 101.70 |
| Change that session | -0.28% |
GBP/USD
▲ Likely positiveRelevance: medium
| Market | Currencies |
|---|---|
| Close on 10/20/2026 | 1.33800 |
| Change that session | +0.57% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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