Monday, 28 September 2026Updated 19m ago
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Market move▼ Bearish for Indian equities

Dollar holds at two-month high as strong US manufacturing data lifts rate-hike bets

2 sources · first seen 07:45 24 Sept · updated 08:57 24 Sept

The brief

Written from 2 reports · check the source before you trade
  • Robust manufacturing data fuelled inflation concerns and rate-hike bets
  • The euro and sterling fell as US Treasury yields rose
  • A stronger dollar and higher US yields can pressure the rupee and weigh on Indian equities

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US dollar13 todayPMI and IIP1 todayManufacturing16 todayUS Treasuries22 todayBond yields32 todayUS Fed20 todayInflation21 today

Linked by the tag PMI and IIP

3 stories this week
  1. 28 SeptWeekly policy watch: Goyal-Greer meet, IIP, PMI and forex data in focusData · 1 source · Policy calendar includes industrial output, manufacturing activity and fresh forex-reserves data
  2. 25 SeptKKR-backed PMI Electro Mobility confidentially files for IPOIPO · 5 sources · The electric commercial vehicle maker operates 3,300 e-buses across 34 Indian cities
All PMI and IIP stories →
Part of a developing story6 updates over 2 days

Dollar gains as US yields and rate bets rise

A firm dollar and rising US Treasury yields, supported by strong manufacturing data and expectations of further rate increases, pressured other currencies. The Indonesian rupiah was on track for its steepest weekly fall since May.

Friday, 25 September

  1. Dollar falls as oil cools but set for weekly gain; yen rallies
  2. Yen bounces, yet dollar strength keeps pressure near 160
  3. Dollar set for weekly gains as yields surge, Fed bets build
  4. 2 sources
    Dollar set for weekly gains as Treasury yields rise and Fed rate-hike bets build
  5. 2 sources
    Rupiah set for biggest weekly fall since May as US yields rise and dollar firms

Thursday, 24 September

  1. 2 sourcesYou are here
    Dollar holds at two-month high as strong US manufacturing data lifts rate-hike bets

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Read the reports

2 reports · earliest 07:45
Economic TimesDollar perched at two-month high as hot PMI fuels inflation fears, rate hike bets07:45CNBC-TV18Dollar perched at two-month high as hot PMI fuels inflation fears, rate hike bets08:57