The US dollar remains strong, supported by rate hike expectations and concerns over France's debt.

智通财经2026/10/06 07:06

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(1) Supported by market expectations of a Federal Reserve rate hike and concerns over French debt, the US dollar remained strong, previously reaching its highest level against a basket of currencies since April 2025 on Monday. (2) Although market expectations for a Fed rate hike later this month have cooled in recent trading days, institutional data shows that the market has fully priced in a 25 basis points Fed rate hike in December and expects more than three rate hikes next year. (3) Meanwhile, concerns about France's fiscal situation have pressured the euro and further strengthened the dollar's status as a safe-haven asset. (4) The US Dollar Index rose 0.14% during the day to 102.259. (5) Going forward, attention should be paid to statements from Federal Reserve officials, developments in France's fiscal situation, and eurozone bond market sentiment for guidance on the US dollar’s trend.

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