Dollar Rises Ahead of Fed Minutes

Dow Jones10-07 14:54

0654 GMT - The dollar gains as the Middle East conflict pushes up oil prices and as Treasury yields rise. Investors are looking ahead to the minutes of the Federal Reserve's September meeting when the central bank unanimously voted to raise interest rates. However, the minutes at 1800 GMT are likely old news, Commerzbank's Antje Praefcke says in a note. The September inflation figures next week should provide the first truly directional clues for the Fed's October 28 meeting, she says. In the meantime, the dollar could remain in demand as the U.S. economy continues to show resilience, she says. The DXY dollar index rises 0.3% to 102.119. The 10-year Treasury yield rises 3.8 basis points to 5.309%, according to Tradeweb.

 

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