US dollar flat against peers after softer-than-expected inflation data
Mint 1d ago·30 Sept 2026, 8:11 pm
The US dollar held steady against major currencies after the latest US inflation numbers came in milder than analysts expected. The CPI report showed price growth easing, reducing immediate pressure on the Federal Reserve to tighten policy further.
For Indian investors, a stable dollar can keep the rupee’s recent gains intact, influencing the cost of overseas assets, commodity imports and foreign‑currency debt. A weaker dollar would have weighed on the rupee, while a stronger one could have made imports costlier.
Traders will now look ahead to upcoming Fed minutes, US jobs data and any geopolitical developments that could shift risk sentiment. Those events will likely dictate whether the dollar resumes its recent rally or stays range‑bound.
Excerpt from Mint
GLOBAL-FOREX/ (UPDATE 1):FOREX-US dollar flat against peers after softer-than-expected inflation data * PCE index rises 0.3% in August, less than expected * Euro set for monthly loss against dollar * US Treasury yields fall across the board * Crude oil prices set for big monthly gain NEW YORK, Sept 30 (Reuters) - The…Read the original at Mint
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