Dollar index hits two-week high near 102.50 ahead of Fed decision
- —DXY near 102.50, a two-week high after three straight daily gains
- —US September CPI up 3.7% y/y; core inflation at 2.6%
- —Conference Board consumer confidence rose to 91.7 from 84.2
- —Fed decision due Oct. 29 at 3:00 a.m. Seoul time; a hold is expected
Why it matters: A Fed pause with inflation still elevated will shape the dollar and risk assets, including bitcoin, in the coming weeks.
Source: TokenPost