Dollar Index Falls Back Below 102 Mark as Market Trims Rate-Hike Bets
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In early November 2026, the Federal Reserve held rates steady after last week's policy meeting, and Chair Warsh did not explicitly commit to a December rate hike, so the market trimmed its bets on a hike. Meanwhile, the tech sector came under pressure, and safe-haven funds flowed into US Treasuries, driving Treasury yields lower across the board and weakening the dollar's interest-rate advantage. Under the influence of these factors, the dollar index fell back below the 102 mark again. On 4 November, Hang Seng Bank chief economist Li Ruofan said the dollar index is expected to trade within a range for the time being.
Generated by AI from reporting · updated 4 hours ago
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- 明報·每日經濟Li Ruofan: US Dollar Index Expected to Trade in Range for Now
Li Ruofan says the US dollar index is expected to trade in a range for now. Last week the Federal Reserve held rates steady, and Chair Warsh did not explicitly commit to a December rate hike, prompting markets to cut rate-hike bets; pressure on the tech sector drove safe-haven flows into US Treasuries, Treasury yields fell across the board, the interest-rate advantage weakened, and the US dollar index once again fell below the 102 mark.
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