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Dollar Pushes Higher on Reduced Fed Rate Cut Speculation
Yahoo Finance·2025-10-31 03:31

The dollar index (DXY00) climbed to a 2.75-month high on Thursday and finished up by +0.29%.  Higher T-note yields on Thursday were positive for the dollar as the 10-year T-note yield rose to a 2.5-week high.  The dollar also has carryover support from Wednesday on hawkish comments from Fed Chair Powell, who said a rate cut at the December FOMC meeting "is not a foregone conclusion." The easing of US-Chinese trade tensions is supportive of economic growth prospects after President Trump and President Xi J ...