Dollar Index Rises to 102.401 as Yields Climb Ahead of FOMC Minutes
Key Facts
The Dollar Index rose 0.55% to reach 102.401, strengthening against all seven major peers. ActionForex reported that the rally occurred as oil prices held steady above the $100 per barrel mark, supported by a continued climb in long-end bond yields across major global markets.
The Euro fell to the bottom of the currency performance table due to renewed stress surrounding French government debt. In fixed income markets, the US 10-year yield rose to 5.345% while the 30-year yield reached 5.725% on October 7, 2026, bolstering dollar demand ahead of the release of the latest monetary policy minutes.
Latest Updates · 3
- Major·
Update: Federal Reserve minutes released on October 7, 2026, revealed that all 19 officials unanimously supported the September interest rate hike. The consensus was driven by a shared commitment to combat inflation risks, providing further fundamental backing for the dollar's strength and Treasury yields.
- Major·
Update: FOMC minutes released on October 7, 2026, showed that most participants assessed another interest rate hike would likely be appropriate by the end of the year. In the debt market, the US Treasury sold $39 billion of 10-year notes at a high yield of 5.300%, while equities faced pressure as Caterpillar shares fell 6%.
- Major·
Update: The FOMC minutes released on October 7, 2026, revealed a lean toward further interest rate hikes among policymakers. This hawkish stance further supported the US dollar's gains in financial markets following the report's publication.