Will the Dollar, Which Fell on Lower U.S. Interest Rates, Test Higher Levels Again?
13.10.2026
- U.S. Existing Home Sales for September
- Dollar and U.S. Interest Rate Trends Ahead of the U.S. CPI Release
In the U.S. currency market the previous day, the U.S. dollar rose against major currencies. The dollar was supported by concerns over the situation in the Middle East, as well as inflation fears driven by high energy prices, and the Dollar Index rose 0.4% to 102.59. The dollar also strengthened against the yen, with the dollar/yen rate rising to around 158.66 yen.During today’s Asian trading session, the U.S. 10-year Treasury yield fell to the 5.19% range, causing the Dollar Index to pull back to around 102.4 and the USD/JPY pair to retreat to the low 158-yen range.
Among European currencies, the euro and the pound fell against the dollar. The euro-dollar pair fell to around $1.1160 amid concerns over France’s fiscal situation and a strong dollar, while the pound-dollar pair also dropped to around $1.3210.During today’s Asian trading session, the euro/dollar pair has recovered slightly to the $1.1170 level, while the pound/dollar pair has edged up to around $1.3220. Germany’s revised September consumer price index came in as expected at 0.6% month-over-month and 3.3% year-over-year, and its impact on European currencies was limited.
Today’s economic indicators include Turkey’s August current account balance at 4:00 p.m. and U.S. September existing home sales at 11:00 p.m.Although the Reserve Bank of Australia’s meeting minutes released at 09:30 indicated caution regarding the risk of inflation rising, the Australian dollar’s reaction was limited. With the U.S. September Consumer Price Index due out the following day, the direction of the dollar is likely to be influenced not only by the housing data but also by whether U.S. interest rates rise again.
Author: Keisuke Sakurai
