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Hawkish banks and firm energy keep dollar dips shallow

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David Gauch
Oct 26, 2026
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USD

Firm energy and a hawkish Fed should keep dollar dips shallow this week.
A Wednesday hold at 3.75–4.00% is around 90% priced and a December hike close to 80%. Softer oil on reported mediation with Tehran has cooled the dollar a touch, but Chair Warsh has little reason to push back while energy sits near its highs. Equity results from the largest AI sp…

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