{"id":2302,"date":"2026-10-08T10:03:55","date_gmt":"2026-10-08T05:03:55","guid":{"rendered":"https:\/\/ipp-news.com\/?p=2302"},"modified":"2026-10-08T10:03:55","modified_gmt":"2026-10-08T05:03:55","slug":"dollar-edges-back-from-18-month-high-after-fomc-minutes","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=2302","title":{"rendered":"Dollar edges back from 18-month high after FOMC minutes"},"content":{"rendered":"
\n

The dollar held near its strongest level in a year-and-a-half in subdued trading at the start of the Asian session on \u200bThursday, after hawkish minutes<\/a> from the Federal Open Market Committee signalled policymakers \u200cat the US central bank viewed inflation as the biggest risk to their outlook.<\/strong><\/p>\n

The dollar index , which measures its strength against a basket of six currencies, was steady at 102.23 after \u200brising 0.3% on Wednesday.<\/p>\n

The greenback remains within a few pips of \u200bits strongest levels since April 9, 2025, following the market turmoil \u2060that accompanied the so-called Liberation Day tariff announcement the previous week.<\/p>\n

Federal Reserve policymakers \u200bvoted unanimously to raise interest rates by a quarter of a percentage point \u200bat the US central bank\u2019s September 15-16 meeting, but minutes released Wednesday indicated divisions over their rationale for doing so.<\/p>\n

\u201cThe FOMC\u2019s minutes reinforced the hawkish tone accompanying the Fed\u2019s September rate hike, \u200bwith most participants still viewing further tightening as appropriate and almost all seeing \u200binflation risks tilted to the upside at the time of the meeting,\u201d Westpac analysts wrote.<\/p>\n

The \u200cminutes did \u2060little to shift expectations that the Fed will refrain from hiking at its meeting later this month. Fed funds futures are pricing an implied 19% probability of a 25-basis-point hike at the US central bank\u2019s next two-day meeting ending Oct \u200b28, unchanged from a \u200bday earlier, according \u2060to the CME Group\u2019s FedWatch tool.<\/p>\n

Against the yen , the US dollar was down 0.2% at 157.815 yen after data released \u200bon Thursday showed Japan\u2019s current account surplus stood at 4.062 trillion \u200byen ($25.7 billion) \u2060in August, higher than economists\u2019 median forecast for a surplus of 3.19 trillion yen.<\/p>\n

The Australian dollar and its kiwi counterpart were both flat at $0.6960 and $0.5600 respectively.<\/p>\n

Against the Chinese \u2060yuan, the \u200bUS dollar was flat at 6.7015 yuan in \u200boffshore trade.<\/p>\n

The euro was flat at $1.1201, while the British pound was also unchanged at $1.3215.<\/p>\n

Bitcoin slipped 0.2% to $83,233.40 \u200bwhile Ether nudged 0.1% lower to $2,571.07.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

The dollar held near its strongest level in a year-and-a-half in subdued trading at the start of the Asian session on \u200bThursday, after hawkish minutes from the Federal Open Market Committee signalled policymakers \u200cat the US central bank viewed inflation as the biggest risk to their outlook. The dollar index , which measures its strength against a basket of six currencies, was steady at 102.23 after \u200brising 0.3% on Wednesday. The greenback remains within a few pips of \u200bits strongest levels since April 9, 2025, following the market turmoil \u2060that…<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-2302","post","type-post","status-publish","format-standard","hentry","category-english"],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2302","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2302"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/2302\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2302"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2302"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2302"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}