{
  "id": 10634411,
  "title": "Forex Today: US Dollar holds ground, markets await comments from Fed officials and US data",
  "url": "https://urgent.news/2026/09/29/forex-today-us-dollar-holds-ground-markets-await-comments-from-fed",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-29T07:14:08.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/forex-today-us-dollar-holds-ground-markets-await-comments-from-fed-officials-and-us-data-202609290714"
  },
  "original_language": "en",
  "account": "On Tuesday, September 29, the US Dollar (USD) maintained its stability amid major currency fluctuations. The US Dollar showed strength against the Australian Dollar, ranking as the most resilient against major currencies over the past week.\n\nAs the US economic calendar approaches, data such as the September Consumer Confidence Index and August JOLTS Job Openings figures are expected to be released. Several Federal Reserve officials are scheduled to deliver speeches throughout the day, adding to the market's anticipation.\n\nThe USD Index started the week with modest gains above 101.20, while US stock index futures saw slight declines. Meanwhile, US President Donald Trump dismissed reports suggesting his administration facilitated Iran's access to frozen funds and sanctions relief, as per Al Jazeera. Iranian Foreign Minister Abbas Araghchi reported indirect talks with the US through mediators, hoping for a formal response from Washington soon.\n\nAnalysts at Commerzbank noted that the structure of US capital inflows is changing, causing currency support to become more sensitive to equity market dynamics. They emphasized that \"capital inflows – and thus support for the US Dollar – will be more heavily dependent on the performance of the US economy and, consequently, the US stock market.\"\n\nOn Tuesday, Australia's Reserve Bank (RBA) increased its policy rate by 25 basis points to 4.6%, aligning with analysts' predictions. Despite a brief positive reaction, the AUD/USD pair lost some value during the day, settling just below 0.7000. Commerzbank highlighted the RBA's hawkish communication, but also pointed out investor caution, as the AUD quickly reversed its gains following the decision.\n\nGold experienced significant selling pressure at the beginning of the week, dropping nearly 4% on Monday to reach its lowest level since early August. However, it managed to recover and trade closer to $4,150 in the European morning on Tuesday. The EUR/USD pair remained relatively uneventful on Tuesday, oscillating within a tight range above 1.1350. Later, European economic data, including September business and consumer sentiment figures, would be released, along with several speeches from European Central Bank (ECB) policymakers, including President Christine Lagarde.\n\nMeanwhile, the GBP/USD pair managed to post minor gains on Monday but was unable to sustain a recovery. By Tuesday morning, it traded below 1.3250 in the red. USD/JPY remained relatively unchanged, extending its sideways movement near 157.50 in the early European trading session. Central banks play a crucial role in maintaining price stability, adjusting benchmark policy rates to manage inflation or deflation. For major central banks like the US Federal Reserve, ECB, and Bank of England, the target inflation rate is typically around 2%. These institutions have the power to influence inflation through monetary policy adjustments, impacting savings, lending, and investment decisions for individuals and businesses.",
  "summary": "Here is what you need to know on Tuesday, September 29:",
  "key_points": [
    "US Dollar maintains stability amid major currency fluctuations",
    "Federal Reserve officials to deliver speeches throughout the day",
    "Australia's Reserve Bank increases policy rate by 25 basis points"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Dollar keeps climbing as oil, US yields stay high; jobs data looms",
        "url": "https://urgent.news/2026/09/29/dollar-keeps-climbing-as-oil-us-yields-stay-high-jobs-data-looms",
        "published": "2026-09-29T02:00:28.000Z"
      },
      {
        "outlet": "FXStreet",
        "title": "USD: Data risks support Dollar gains – ING",
        "url": "https://urgent.news/2026/09/29/usd-data-risks-support-dollar-gains-ing",
        "published": "2026-09-29T07:33:35.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}