The dollar index ticked up in Asian trade Thursday and remained above the 102.00 mark, near Wednesday's two-week high. Traders are waiting for U.S. Q3 preliminary GDP and the PCE price index later today; strong prints would reinforce market pricing of a December Fed rate hike and push the dollar higher. The Fed signalled a hawkish pause on Wednesday, so softer data may have limited immediate impact. Qatar-led mediation is working to restart U.S.-Iran talks to avert renewed conflict; a persistent

2026-10-29

The dollar index ticked up in Asian trade Thursday and remained above the 102.00 mark, near Wednesday's two-week high. Traders are waiting for U.S. Q3 preliminary GDP and the PCE price index later today; strong prints would reinforce market pricing of a December Fed rate hike and push the dollar higher. The Fed signalled a hawkish pause on Wednesday, so softer data may have limited immediate impact. Qatar-led mediation is working to restart U.S.-Iran talks to avert renewed conflict; a persistent geopolitical risk premium is likely to attract dip-buying and cap downside for the dollar.