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The US September CPI exceeded expectations, fueling expectations of an October rate hike. Does this give the US dollar another chance?

The US September CPI exceeded expectations, fueling expectations of an October rate hike. Does this give the US dollar another chance?

· The US CPI rose 3.7% year-on-year in September, exceeding market expectations of 3.6%, and rose 0.3% month-on-month, marking the largest increase in nearly five months. Following the data release, market expectations for a Federal Reserve rate hike in October rose to 33%. This news was positive for the US dollar. · IEA Monthly Report: Global oil supply will decline by 5.8 million barrels per day in 2026; global diesel supply shortages will continue into next year. This is a negative factor for crude oil. · The US plans to charge fees for ships docking in Spain and restrict olive oil imports. This news is positive for the US dollar.

TOPONE Markets Analyst
2026-10-15 08:30:20
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