U.S. Core Inflation Report Seen as Crucial for Dollar Direction
The dollar's response to September U.S. inflation data will depend largely on the core reading, analysts at Monex Europe say.
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what happened
The dollar's reaction to U.S. inflation data for September due Wednesday will depend largely on the core reading, which excludes volatile energy and food prices, analysts at Monex Europe said in a note cited by Dow Jones Newswires.
With market-implied odds of another Federal Reserve interest-rate increase in October currently below 20%, a stronger-than-expected core figure would lift those expectations and support a continued climb in the DXY dollar index above 102, the analysts said. A softer reading, by contrast, would only marginally reduce near-term pricing, leaving the balance of risks tilted toward the dollar.
The DXY is up 0.1% at 102.318.
why it matters
Core inflation is a key gauge for expectations about the Fed's next policy steps and the dollar's direction.
instruments
sources
- U.S. Core Inflation Data Key For Dollar's Direction — Market Talk — Dow Jones Newswires, 12 October 2026 at 08:54 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
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