The U.S. Dollar Index fell about 0.20% Friday, FXStreet reported, while the latest Treasury data showed the 10-year yield lower on Thursday; inflation and growth releases provided further context.
FXStreet’s update at 5:09 a.m. ET (09:09 UTC) placed the index between 101.65 and 101.70. Intercontinental Exchange (ICE) says the gauge measures the dollar against a basket of six currencies.
The Treasury’s daily par-yield data recorded the 10-year rate at 4.78% on Oct. 29, compared with 4.85% on Oct. 28. The series is based on quotes gathered at or near 3:30 p.m. ET on trading days. The Associated Press reported that Treasury yields fell as technology shares retreated amid renewed scrutiny of returns on AI spending after Alphabet’s revenue missed analysts’ estimates.
The Federal Reserve held its federal funds target range at 3.75% to 4.00% on Oct. 28 in a 10-2 vote. Fed Governor Lisa D. Cook and Cleveland Fed President Beth M. Hammack dissented in favor of a 0.25-percentage-point increase.
The Bureau of Economic Analysis (BEA) reported that September’s personal consumption expenditures (PCE) price index rose 0.5% from August and 3.6% from a year earlier. Its core index increased 0.3% monthly and 3.1% annually. The BEA’s advance estimate put third-quarter real gross domestic product growth at a 3.4% annual rate, up from 2.2% in the second quarter. Together, the releases showed elevated inflation alongside faster growth.
FXStreet said its chart analysis used AI assistance. The outlet’s analysis placed potential ceilings at 101.91 and near 103.00, and flagged 101.28, 100.77 and 100.66 as lower levels to watch. EconoTimes previously covered a separate session near 101.70 as Treasury yields moved.
The BEA is scheduled to release October personal income and outlays, including the PCE price index, on Nov. 25 at 8:30 a.m. ET (13:30 UTC). The Fed’s next meeting is set for Dec. 8-9.
