Dollar Stays Firm After Hitting 18-Month High -- Market Talk

0634 GMT - The dollar remains elevated after reaching an 18-month high on Monday, lifted by softer risk sentiment and comments from Federal Reserve official Beth Hammack arguing for further interest-rate rises, Danske Bank's Silje Bue says in a note. Markets are now waiting for U.S. inflation data on Wednesday for more clues on future rate decisions. "Markets are currently pricing in only 5-6 basis points for October, so even if the CPI confirms that the Fed will likely opt for only a quarterly hiking pace, we doubt it would mark a significant setback to the dollar," Bue says. The DXY dollar index falls 0.2% to 102.431 as Treasury yields and oil prices fall, but remains near the high of 102.607 reached Monday.(renae.dyer@wsj.com)

(END) Dow Jones Newswires

October 13, 2026 02:34 ET (06:34 GMT)