The U.S. Dollar Index (DXY) traded near 102.20 during Asian trading Wednesday, FXStreet reported, as October inflation data raised expectations of a possible Federal Reserve rate increase in December.
The U.S. Bureau of Labor Statistics (BLS) recorded a seasonally adjusted 0.4% monthly increase in the consumer price index in October, compared with 0.6% in September. The measure excluding food and energy rose 0.3% for a second consecutive month. Because a lapse in appropriations prevented the agency from collecting survey data in October 2025, it did not publish 12-month changes for affected indexes.
CME Group said the inflation release was followed by a stronger dollar and higher Treasury yields. U.S. equity index futures fell, led by small-cap contracts. Its FedWatch Tool put the probability of a December rate increase at 85.3% in a Nov. 10 market update.
FXStreet cited a higher reading, near 91%, in a report published at 10:47 p.m. ET Tuesday (03:47 UTC Wednesday). Investing.com historical data put the index’s Nov. 10 close at 102.23, up 0.57% from the previous session.
At its Oct. 28 meeting, the Federal Open Market Committee kept its federal funds target range at 3.75% to 4%. Federal Reserve Gov. Lisa D. Cook and Cleveland Fed President Beth M. Hammack dissented, favoring a quarter-point increase.
Intercontinental Exchange (ICE) says the index compares the dollar with six currencies: the euro, Japanese yen, British pound, Canadian dollar, Swedish krona and Swiss franc. The euro has the largest weight, at 57.6%. EconoTimes reported the index near 102 earlier this week.
The Fed’s next meeting is scheduled for Dec. 8-9. BLS is due to release November consumer price data at 8:30 a.m. ET on Dec. 10.
