{
  "id": 12522461,
  "title": "Dollar holds losses as markets await Fed minutes, speakers",
  "url": "https://urgent.news/2026/10/07/dollar-holds-losses-as-markets-await-fed-minutes-speakers-12522461",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T01:55:14.000Z",
  "source": {
    "name": "The Economic Times - Top News",
    "slug": "the-economic-times-top-news",
    "url": "https://economictimes.indiatimes.com/markets/forex/forex-news/dollar-holds-losses-as-markets-await-fed-minutes-speakers/articleshow/134753668.cms"
  },
  "original_language": "en",
  "account": "On Wednesday, the US dollar slipped as markets anticipated the release of Federal Reserve minutes and speeches by policymakers. The euro experienced its most significant gain in seven weeks, driven by French bond yields falling after a presidential candidate announced plans to cut spending. The yen weakened despite a dovish Bank of Japan member expressing support for interest rate increases.\n\nLater that day, the US central bank was set to release minutes from its September 15-16 meeting, during which it raised interest rates to combat inflation. Fed policymakers' comments have appeared less hawkish following consumer price and jobs data that fell short of expectations. Gavin Friend, a National Australia Bank strategist, noted a reduced urgency for rate hikes following softer personal consumption expenditures (PCE) and nonfarm payroll reports.\n\nThe dollar index, which gauges the greenback against a basket of currencies, climbed 0.03% to 101.94, following a 0.27% drop the previous day. The euro retreated 0.08% to $1.1249, while the Japanese yen fell 0.19% to 158.43 per dollar. The British pound slipped 0.08% to $1.3262.\n\nGlobal bond yields have risen recently due to expectations of central bank rate hikes and concerns about government finances. France's debt is under pressure as politicians work to reduce the budget deficit before a 2027 election. Spain's upcoming snap election further stressed the euro. The euro surged on Tuesday after Marine Le Pen, a far-right presidential candidate, increased her spending cuts target to €140 billion ($158 billion) from €125 billion originally planned.\n\nThe Bank of Japan's new policymaker, Ayano Sato, stated in a Kyodo news interview that she supports raising interest rates in several stages. The BOJ may signal as early as this month that underlying inflation has near met its 2% target, signaling readiness to raise rates again. October Fed hike expectations have retreated, but markets still anticipate more increases later in the year and next year.\n\nHowever, the possibility of a 25 basis points hike in October has decreased to 20.5%, down from about 51% a week ago, according to CME FedWatch. With little guidance from Chair Kevin Warsh, markets reacted sharply to each US data release and policymaker speech. Fed officials Chris Waller, Neel Kashkari, and Alberto Musalem were scheduled to speak later that day, along with consumer credit data, expected to show a decrease to $15 billion in August from $18.06 billion in July.",
  "summary": "The US dollar faced a downturn while European bond markets began to stabilize, affecting overall currency landscapes. Traders are eyeing the forthcoming Federal Reserve minutes and speeches from key figures, swaying market feelings. The euro gained ground, buoyed by decreasing French bond yields related to political expenditures, while the Japanese yen lagged, despite positive discourse on…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 7,
    "also_reported_by": [
      {
        "outlet": "CNA - Business",
        "title": "Dollar holds losses as markets await Fed minutes, speakers",
        "url": "https://urgent.news/2026/10/07/dollar-holds-losses-as-markets-await-fed-minutes-speakers-12515443",
        "published": "2026-10-07T01:16:05.000Z"
      },
      {
        "outlet": "Investing.com",
        "title": "Dollar holds losses as markets await Fed minutes, speakers",
        "url": "https://urgent.news/2026/10/07/dollar-holds-losses-as-markets-await-fed-minutes-speakers",
        "published": "2026-10-07T01:18:28.000Z"
      },
      {
        "outlet": "Free Malaysia Today",
        "title": "Dollar holds losses as markets await Fed minutes, speakers",
        "url": "https://urgent.news/2026/10/07/dollar-holds-losses-as-markets-await-fed-minutes-speakers-12524684",
        "published": "2026-10-07T01:36:00.000Z"
      },
      {
        "outlet": "Business Recorder",
        "title": "Dollar holds losses as markets await Fed minutes, speakers",
        "url": "https://urgent.news/2026/10/07/dollar-holds-losses-as-markets-await-fed-minutes-speakers-12520809",
        "published": "2026-10-07T01:47:03.000Z"
      },
      {
        "outlet": "New Straits Times",
        "title": "Dollar holds losses as markets await Fed minutes, speakers",
        "url": "https://urgent.news/2026/10/07/dollar-holds-losses-as-markets-await-fed-minutes-speakers-12524493",
        "published": "2026-10-07T02:38:45.000Z"
      },
      {
        "outlet": "Ajel English",
        "title": "Gold prices steady as investors await Fed meeting minutes",
        "url": "https://urgent.news/2026/10/07/gold-prices-steady-as-investors-await-fed-meeting-minutes",
        "published": "2026-10-07T03:58:19.000Z"
      }
    ]
  },
  "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."
}