Dollar Gains for 3rd Session

2026-10-27 12:13 By Joana Taborda 1 min. read

The dollar index strengthened to 102.2 on Tuesday, extending gains for a third consecutive session and reaching its highest level in about two weeks.

Investors brace for a busy week of monetary policy decisions from major central banks, with the FOMC meeting kicking off today.

The Federal Reserve is widely expected to leave the fed funds rate unchanged, although investors will look for clues on whether a rate hike in December remains a possibility.

The European Central Bank, Bank of Japan and Bank of Canada are also due to announce their policy decisions this week.

The greenback also drew support from improved stability in equity markets, as sentiment surrounding AI-related stocks steadied following last week’s volatility.

Meanwhile, the dollar traded mostly higher against the euro, which remained under pressure from France’s deteriorating fiscal outlook and mounting concerns in the bond market.



News Stream
Dollar Holds Gains Ahead of Fed Decision
The US dollar index held around 102.4 on Wednesday after advancing for three consecutive sessions, supported by investor caution ahead of the Federal Reserve’s upcoming policy decision. The central bank is widely expected to keep interest rates unchanged, although traders will look for clues about the possibility of a rate hike in December. On the corporate front, Alphabet and Microsoft are set to release earnings after the market closes on Wednesday, with investors assessing their results for insights into AI-related demand, which has contributed to US economic growth. Meanwhile, the dollar gained more than 1% against the kiwi after the Reserve Bank of New Zealand unexpectedly kept its cash rate unchanged, defying expectations for a 25-basis-point increase. Investors will also monitor upcoming monetary policy decisions in Canada, the Euro Area, and Japan.
2026-10-28
Dollar Gains for 3rd Session
The dollar index strengthened to 102.2 on Tuesday, extending gains for a third consecutive session and reaching its highest level in about two weeks. Investors brace for a busy week of monetary policy decisions from major central banks, with the FOMC meeting kicking off today. The Federal Reserve is widely expected to leave the fed funds rate unchanged, although investors will look for clues on whether a rate hike in December remains a possibility. The European Central Bank, Bank of Japan and Bank of Canada are also due to announce their policy decisions this week. The greenback also drew support from improved stability in equity markets, as sentiment surrounding AI-related stocks steadied following last week’s volatility. Meanwhile, the dollar traded mostly higher against the euro, which remained under pressure from France’s deteriorating fiscal outlook and mounting concerns in the bond market.
2026-10-27
Dollar Holds Firm as Fed Meeting Looms
The dollar index held around 102 on Tuesday after rising for two straight sessions, as investors prepared for a busy week of economic data and the Federal Reserve’s upcoming policy announcement. Markets are pricing in roughly a 90% chance that the Fed will keep interest rates unchanged this week, while the probability of a rate hike in December stands at around 82%. Key data releases, including GDP growth and the PCE inflation index, will also be closely watched for clues about the outlook for monetary policy. Meanwhile, renewed market interest in the AI trade, spurred by Anthropic’s IPO filing, supported the dollar given the AI sector's boost to American economic growth. On the geopolitical front, fears that the US could resume strikes on Iran after the midterm elections continued to support safe-haven demand for the greenback.
2026-10-27