Forex News Today: Market Analysis for Traders

The Dollar Index gained 0.27% to 102.21 in the week ended October 9 on hawkish Fed minutes, Middle East tensions and French fiscal worries. It stood at 102.44 on Monday.

The Dollar Index rose to just above 102.50, its highest since April 2025, as Brent climbed above $107 after fresh Russian strikes and a third Iranian tanker claim.

The dollar index is holding just above 102.00 as softer US data reduce bets on a Fed hike this month. MUFG sees Wednesday's September CPI as the key test.