Dollar index near 18-month high as analysts split on trend direction
- —DXY climbed from about 98.8 in early September to above 102, gaining roughly 2% on the month
- —CME FedWatch shows an 82.8% chance of a rate hold on Oct. 28, up from 51% a month ago
- —University of Michigan consumer sentiment fell to 46.3, a five-month low
- —Bitcoin rose 6.14% in September despite the dollar's advance, but crypto market cap is down 1.4% in October
Why it matters: A stronger dollar tightens financial conditions and pressures bitcoin and risk assets; a soft CPI print could reverse DXY and ease that pressure.
Source: BeInCrypto AR