Dollar Falls Could Prove Limited -- Market Talk
Dow Jones2026/10/09 09:270927 GMT - The dollar has limited scope to fall as bond markets and risk sentiment remain fragile while the Federal Reserve is expected to raise interest rates again in December, ING's Francesco Pesole says in a note. The dollar has lost some ground as the sharp rise in Treasury yields pauses but there are no signs of broader correction in the currency, he says. President Trump has said the U.S. won't attack Iran before November's midterms "but the oil market is reluctant to price out the geopolitical premium that has kept prices above $100 per barrel." ING expects a slightly stronger dollar in the near term. The DXY dollar index falls 0.1% to 102.046 after hitting a near 18-month high of 101.535 Monday. (renae.dyer@wsj.com) (END) Dow Jones Newswires October 09, 2026 05:27 ET (09:27 GMT)
0927 GMT - The dollar has limited scope to fall as bond markets and risk sentiment remain fragile while the Federal Reserve is expected to raise interest rates again in December, ING's Francesco Pesole says in a note. The dollar has lost some ground as the sharp rise in Treasury yields pauses but there are no signs of broader correction in the currency, he says. President Trump has said the U.S. won't attack Iran before November's midterms "but the oil market is reluctant to price out the geopolitical premium that has kept prices above $100 per barrel." ING expects a slightly stronger dollar in the near term. The DXY dollar index falls 0.1% to 102.046 after hitting a near 18-month high of 101.535 Monday. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 09, 2026 05:27 ET (09:27 GMT)
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