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Market move▼ Bearish for Indian equities
Dollar Hits 3-Month High on Prospect of Higher U.S. Rates
The brief
- DXY rose to 101.777 in early European trade
- The dollar drew support from the prospect of further Fed rate hikes
- A stronger dollar can pressure the rupee and raise costs for Indian companies with dollar-linked imports
- Gold price future roadmap: Why led to 6% yellow metal fall in Sept 2026? Will Diwali help bounce back? Experts view
- Bears maintain grip on oil-importing Asian currencies as crude prices bite
- India's RBI FX swaps create opening for firms to tap dollar funding at lower cost
- Japanese Yen weakens as BOJ summary damps bets for back-to-back rate hike
- Yields, dollar hold key to gold, silver trajectory in H2FY27: Apurva Seth
Dollar gains on rising US rate expectations
The dollar held near a two-month high on 1 October as rising US Treasury yields supported it, with global inflation fears also bolstering the currency. Later, it reached a three-month high as markets weighed the prospect of further Federal Reserve rate hikes.
Thursday, 1 October
- Dollar Hits 3-Month High on Prospect of Higher U.S. Rates