US Dollar Rises Early Wednesday Ahead of FOMC Meeting Announcement

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• Dollar Posts 2-week High on Expectations for Hawkish FOMC Commentary

  The dollar index (DXY00) rose 0.09% to a new two-week high. The dollar was supported by a 2.5 bp rise in the 10-year T-note yield, which strengthened its interest rate differentials. It also gained ahead of this afternoon's FOMC meeting results, amid expectations of hawkish commentary.

  Yahoo Finance·28/10, 14:49▲ DXY▼ AUD/USD▼ EUR/USD▼ GBP/USDUS dollarDXYFed
• 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.

  Yahoo Finance·28/10, 08:24▲ DXY▼ EUR/USD▼ GBP/USDDXYUS dollarexchange rates
• Sterling today: Pound slips as dollar holds firm ahead of Fed decision

  Sterling fell 0.22% against the dollar to $1.3348, while the euro rose 0.09% to $1.1213, as investors positioned ahead of a busy week of central bank meetings and the Fed decision on Wednesday. ING's Chris Turner said the dollar can probably hold its gains, citing elevated energy prices and the arrival of a third US aircraft carrier group in the Gulf. Markets and economists expect the Fed to hold rates, while ING forecasts a 25 basis point hike in December. Turner expects the DXY to trade between 101.45 and 101.85 today and sees EUR/USD capped near 1.1250/70, while calling the 1.1180 support level vulnerable this week.

  Yahoo Finance·26/10, 10:08▲ DXY▼ GBP/USDpound sterlingUS dollarexchange rates
• Dollar Index (DXY00) Slides as Chinese Yuan Hits 4-Year High and US Housing Data Disappoints

  The dollar index (DXY00) fell 0.31% as the Chinese yuan climbed to a 4-year high against the dollar, triggering a broad selloff of the greenback across major currency pairs. The dollar extended losses after September housing starts unexpectedly dropped to a 4-month low, while September pending home sales offered little reassurance. The article notes housing starts are a closely watched leading indicator that can shape Federal Reserve policy expectations, and weak construction data raises questions about consumer spending and credit conditions into year-end. Traders will watch Fed communications and further housing reports to determine whether the dollar's weakness is a short-term dip or a sustained shift.

  foreignpolicyjournal.com·21/10, 00:15▼ DXYUS dollarDXYFed
• US Dollar Snaps Rally Streak Under Dual Pressure From AI Stocks and the Fed

  The US Dollar Index (DXY) fell 0.17% to 101.87 at the close on October 16, its first weekly decline in more than a month, despite US CPI and PPI readings above forecasts. Markets now put an 83% chance on the Fed holding rates at its end-of-month meeting, up from 49% a month earlier, while Chair Kevin Warsh gave no policy guidance at the IMF and World Bank meetings in Bangkok. A selloff in AI stocks over concerns about data-center operators' profitability saw money flow into bonds rather than the dollar. Elsewhere, sterling rose 0.63% on the week to $1.3314, the euro gained 0.23% to $1.1227, and the yen snapped a four-week losing streak to trade near 158.11 per dollar.

  Vietstock·17/10, 07:43▼ DXY▲ EUR/USD▲ XAU/USD▲ AUD/USDDXYUS dollarexchange rates
• Dollar Pressured as Fed Chair Powell Refrains from Forward Guidance

  The dollar index (DXY) fell to a two-week low, down 0.34%, after Fed Chair Powell gave no guidance on monetary policy or the economy in a speech at the annual IMF meeting in Bangkok. The lack of forward guidance put pressure on the dollar.

  Yahoo Finance·16/10, 14:32▼ DXY▲ XAU/USD▲ AUD/USD▲ EUR/USDUS dollarFedDXY

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  Yahoo Finance·28/10, 20:55• MSFTMSFTAI investmentdata centers
• $1,000 Split Between IonQ and D-Wave Today Could Be Worth This Much by 2029.

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  Yahoo Finance·28/10, 20:41quantum computingIonQvaluation
• Alphabet shares tumble 7% as earnings miss overshadows cloud boom

  Alphabet (NASDAQ: GOOG) shares fell 7% on Wednesday after third-quarter EPS of $2.12 missed the analyst consensus of $3.02 by $0.90. Revenue rose 25% to $127.6 billion, narrowly beating estimates of $127.22 billion, while Google Cloud revenue surged 103% to $30.7 billion and its operating income climbed from $3.6 billion to $11.1 billion. Consolidated operating income rose 30% to $40.6 billion, but an $8.7 billion net loss on equity securities reduced net income by $6.7 billion, or $0.55 per diluted share after tax. Capital expenditures were $51.4 billion in the quarter, up from $24.0 billion a year earlier, bringing year-to-date spending to $132.0 billion, and free cash flow turned negative at $9.1 billion. The article says investors are looking for clearer evidence that heavy AI infrastructure spending can generate sustainable cash flow and profit growth.

  Yahoo Finance·28/10, 20:38▼ GOOGLGOOGLearningscloud computing
• FedEx beats expectations, raises outlook in first report since calendar adjustment

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  CNBC·28/10, 20:35FedExearningslogistics
• SK Hynix Just Delivered Great News for Micron Investors

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  Yahoo Finance·28/10, 20:35• NVDAMicronsemiconductorsartificial intelligence