ForexMedium•16 October 2026•
1 min read
US Dollar Set for First Weekly Loss After Month-Long Rally
Key Facts
1The US Dollar Index is on track for its first weekly decline after four consecutive weeks of gains.
The US Dollar Index is on track for its first weekly decline after four consecutive weeks of gains. Investing.com reported that the currency is experiencing a downward correction, marking a shift from its recent period of sustained strength.
The weakness follows a sudden market reversal and a collapse in 10-year US Treasury yields, which hampered the dollar's upward momentum. This trend developed alongside recent economic data, including US annual inflation reaching 3.7% on October 14, 2026, which slightly exceeded the forecast of 3.6%.