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US Dollar Dips as Rate Cut Expectations Rise

10/27/2025

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Summary

Story summary

The U.S. Dollar Index (DXY) fell to about 98.80 as markets priced in a Federal Reserve rate cut after soft inflation.
The CPI rose 3.0% year over year in September, slightly above August but below expectations.
The CME FedWatch Tool shows a 92% probability of a 25-basis-point rate cut by the Federal Reserve.
The USD/CAD pair depreciated to around 1.3980 due to inflation data and easing US-China trade tensions.

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Story summary

The U.S. Dollar Index (DXY) fell to about 98.80 as markets priced in a Federal Reserve rate cut after soft inflation.
The CPI rose 3.0% year over year in September, slightly above August but below expectations.
The CME FedWatch Tool shows a 92% probability of a 25-basis-point rate cut by the Federal Reserve.
The USD/CAD pair depreciated to around 1.3980 due to inflation data and easing US-China trade tensions.