Dollar stays near 18-month high
The US dollar has retreated but remains close to its 18-month high, following the release of the Federal Open Market Committee (FOMC) minutes that showcased a hawkish tone. Most policymakers see inflation as the biggest risk to their outlook. The minutes indicated that most members believe further tightening of monetary policy is appropriate, amid ongoing concerns about rising inflation. However, projections still suggest a 81.7% likelihood of keeping interest rates unchanged at the upcoming October meeting. The yields on 10-year U.S. Treasury bonds rose to 5.303%, with the market continuing to fluctuate due to broader tightening expectations. Meanwhile, the dollar remains near its highest level since April 2025, after earlier disturbances caused by announcements related to tariffs.
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