Dollar Jumps on U.S. Rate-Rise Bets -- Market Talk
Dow Jones2026/09/23 06:400640 GMT - The dollar rises to an almost eight-week high against a basket of currencies, driven by expectations the Federal Reserve could raise interest rates further. The market assigns a 53% chance of another Fed rate rise in October and prices 78 basis points by September 2027, LSEG data show. These expectations are overriding an easing of oil prices on hopes for a de-escalation in the Middle East conflict, which is usually negative for the currency given America's position as a net oil exporter. The DXY dollar index rises to a high of 100.763. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
September 23, 2026 02:40 ET (06:40 GMT)
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