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Market Reports Put Dollar Index at Different Levels Before Fed Meeting

FXStreet reported a move above 102, while iEconomy listed the index at 101.73 without specifying when its figures were captured.

Updated 1 min read
The Federal Reserve's Marriner S. Eccles Building stands along Constitution Avenue in Washington, D.C. / EconoTimes.ai
The Federal Reserve's Marriner S. Eccles Building stands along Constitution Avenue in Washington, D.C. / EconoTimes.ai

FXStreet's Monday report put the U.S. Dollar Index (DXY) above 102 for a short spell, while iEconomy listed 101.73 ahead of the Federal Open Market Committee (FOMC) meeting Oct. 27-28.

Published at 2:19 p.m. EDT (18:19:38 GMT) on Oct. 26, FXStreet's report placed EUR/USD below 1.1200, GBP/USD between 1.3320 and 1.3330, and USD/JPY near 157.60. iEconomy cited TradingView data for its separate DXY reading of 101.73, down 0.02%, and EUR/USD at 1.1211, up 0.07%. Its summary did not specify when or in which time zone the figures were captured. EconoTimes previously reported a 101.51 daily low for the index ahead of a Fed meeting.

In a late Monday snapshot, The Associated Press (AP) put the 10-year Treasury yield at 4.98%, down from 5.00% late Friday, and the two-year yield at 4.71%, up from 4.69%. The U.S. Department of the Treasury's daily yield curve lists the Oct. 23 rates at 5.00% for the 10-year and 4.69% for the two-year.

At its Sept. 16 meeting, the FOMC raised its target range by 25 basis points to 3.75%-4.00%. Its statement said, “Inflation remains elevated.” The committee is scheduled to meet Oct. 27-28.

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