Dollar Breaks Higher as Core CPI Pushes October Fed Hike Odds Above 40%
The Dollar surged broadly on Wednesday after September’s US core CPI beat expectations, reversing the recent retreat in Treasury yields. The Dollar Index broke above 102.60 to reach 102.72, the 2-year Treasury yield jumped toward 4.94% and the 10-year yield rebounded above 5.30%. According to CME FedWatch, the probability of a Fed hike at the October 28 meeting surged from 22.1% a day earlier to 43.7%, against 17.7% a week ago.
Silver Breaks Support Despite Lower Yields. Is $50 Back in Sight?
Silver slipped below last week's 58.46 low to touch 58.39 even as Treasury yields and the Dollar fell, while the Gold/Silver ratio accelerated toward 71—a divergence suggesting Silver's weakness is no longer just about rates, with a decisive channel break opening the door to the psychological $50 level.
Dollar Softens as Yields Fall, but IMF Warns They Could Spike Again
The Dollar Weakened Broadly but Modestly as Treasury Yields Extended Their Retreat
What’s happening: The Dollar weakened broadly but modestly on Tuesday, slipping against all...
US Treasury Yields Have Turned Lower. Will the Dollar Follow Before CPI?
The US 10-year yield fell toward 5.19% on Tuesday, extending its retreat from last week's 5.365% peak, but the Dollar Index has only pulled back modestly from 102.607—leaving Wednesday's US CPI to decide whether yields and the Dollar finally converge in a deeper correction or diverge once again.
