{
  "id": 13285043,
  "title": "Dollar Index stalls under its high as the Fed's hawks repeat themselves",
  "url": "https://urgent.news/2026/10/09/dollar-index-stalls-under-its-high-as-the-feds-hawks-repeat-themselves",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-09T19:10:33.000Z",
  "source": {
    "name": "FXStreet",
    "slug": "fxstreet",
    "url": "https://www.fxstreet.com/news/dollar-index-stalls-under-its-high-as-the-feds-hawks-repeat-themselves-202610091910"
  },
  "original_language": "en",
  "account": "The Dollar Index has stalled near its highest level since April 2025, despite the Federal Reserve's repeated calls for additional rate hikes. The index is currently trading around 102.25, with each session producing a lower high since Wednesday. Fed officials have argued for another rate hike throughout the week, with the 10-year Treasury yield reaching its highest level since 2002 on Monday. However, these moves have failed to propel the index higher.\n\nThe first major data release this week is the US Consumer Price Index (CPI) on October 14, which could potentially move the index. Fed Governor Waller has stated that additional hikes are necessary but do not need to occur back-to-back. St. Louis Fed President Musalem has suggested rates should rise over the next six to nine months. Minutes from the September 15-16 meeting, released on Wednesday, showed most officials expect another hike by year-end, matching the median projection of a 4.1% end-of-year rate.\n\nThe market has reacted to this expectation, with the Dollar Index climbing alongside the two-year Treasury yield. However, the two-year yield has since fallen from 4.84% to 4.75%, and the 10-year yield has slipped back toward 5.25%. Friday's preliminary University of Michigan survey showed consumer sentiment at 46.3, below expectations, while current conditions gauge hit a record low. Households increased their inflation expectations for the next five years to 3.5%.\n\nThe Canadian job losses report on Friday contributed to the index's earlier rise, with the Loonie gaining 9.1% of the index's value. The Euro's impact is also notable, as EUR/USD remains above the 1.1150 level. CPI data is expected to be released on Wednesday, with headline prices forecast to rise 0.6% in September and the annual rate reaching 3.6%. The core reading of 0.2% would be significant, potentially triggering a December hike and boosting the index above 102.50.",
  "summary": "Four sessions after its highest level since April 2025, the Dollar Index hasn't got back to it. The index trades near 102.25 and has made a lower high in each session since Wednesday.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}