Dollar's Strength Capped by Resilient Global Growth, Fed Caution -- Market Talk
Dow Jones2026/10/08 09:530953 GMT - Expectations that the Federal Reserve will raise interest further have strengthened the dollar but the currency hasn't risen as sharply as it did following the 2022 energy price shock, MUFG Bank analysts say in a note. "On this occasion, dollar gains have been constrained by the resilience of global growth, particularly in Asia and Europe, where economic activity has held up better than expected," they say. "In addition, the Fed has been slower to tighten policy and has remained cautious about the extent of further tightening that may be required." The DXY dollar index rises 0.1% to 102.342, having reached a near 18-month high of 102.535 Monday. (renae.dyer@wsj.com) (END) Dow Jones Newswires October 08, 2026 05:53 ET (09:53 GMT)
0953 GMT - Expectations that the Federal Reserve will raise interest further have strengthened the dollar but the currency hasn't risen as sharply as it did following the 2022 energy price shock, MUFG Bank analysts say in a note. "On this occasion, dollar gains have been constrained by the resilience of global growth, particularly in Asia and Europe, where economic activity has held up better than expected," they say. "In addition, the Fed has been slower to tighten policy and has remained cautious about the extent of further tightening that may be required." The DXY dollar index rises 0.1% to 102.342, having reached a near 18-month high of 102.535 Monday. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 08, 2026 05:53 ET (09:53 GMT)
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