GENERAL24 Sept 2026
Dollar ascends to fresh 2-month high on inflation worry, Fed hike expectations | Stock Market News
The US dollar climbed to a fresh two-month high on Thursday as Treasury yields rose. The dollar index gained 0.15% to 101.28. Markets now see a 68.6% chance of another US rate hike in October. That matters for Indian businesses paying for imports or earning export income, since a stronger dollar can raise your landed costs. Watch your currency exposure and price contracts carefully.
Key Statutory Highlights
- The dollar index rose 0.15% to 101.28, its highest level since July 29.
- The 30-year US bond yield hit its highest since June 2004, and the 10-year note was at a nearly two-decade high.
- Traders now see a 68.6% chance of at least a 25 basis point Fed hike in October, up from 55.4% a week earlier.
Actionable Advice for Taxpayers / Founders:If you import or export, review your foreign currency payables and receivables with your CA, and think about whether hedging suits your business before the October Fed meeting. This is general information, not a promise about where currency or interest rates will go.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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