Dollar Holds Near Two-Month High on Fed Hike Bets
Dollar dips but weekly gain remains The newer Reuters report said the dollar declined on September 25 as oil prices eased, but remained on track for a second straight weekly...
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Dollar dips but weekly gain remains
The newer Reuters report said the dollar declined on September 25 as oil prices eased, but remained on track for a second straight weekly advance as rate-hike expectations grew. Reuters said the dollar index fell 0.3% to 100.95 in that report.
The same report said oil prices fell more than 2% while remaining above $100 a barrel, preserving pressure on inflation. It linked the broader dollar strength to central-bank comments, higher Treasury yields and expectations for more rate increases after the previous week’s hike.
Current Yahoo Finance quote
Yahoo Finance’s quote page, accessed at 07:45 UTC on September 26, showed a delayed September 25 close of 101.04, up 0.06%. The page listed a previous close of 100.97, an open of 101.27 and a session range of 100.87 to 101.31.
- DXY delayed close: 101.04, up 0.06%, quote page checked 07:45 UTC
- Previous close: 100.97
- September 25 range: 100.87 to 101.31
- Reuters October hike odds: About 66%, up from about 58% a week earlier
Rate outlook
Reuters said October Fed hike expectations stood at about 66%, compared with about 58% a week earlier, citing CME FedWatch. The report quoted Cleveland Fed President Beth Hammack expressing concern that persistent inflation could weaken confidence in a return to the 2% target.
In the same September 25 report, Reuters said the euro was up 0.15% at $1.1396, sterling was up 0.23% at $1.3246 and the yen was up 1.06% at 157.13. Those were Reuters’ market levels in that report, not the current delayed Yahoo quote.
The newer report did not repeat the earlier claims about two-year yields reaching a May 2024 high or a 0.56% prior-day DXY rise, so those figures are not carried forward.
Cross-market effect
A firm dollar can tighten financial conditions and raise the hurdle for assets priced in dollars, including crypto. The current quote shows an elevated index even after the newer Reuters-described pullback, leaving rates and oil as the main cross-market signals.
Reuters said the dollar index was on track for its biggest daily percentage drop in about three weeks, while still set for a weekly gain. That combination describes a pullback inside a broader rate-driven dollar advance.
Last updated: September 26, 2026, 08:47 UTC.
This article is for informational purposes only and is not financial advice.
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