After the Fed's hawkish pause in rate hikes, the USD index holds 102 level, with the market awaiting GDP and PCE

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Fed hawkish pause in rate hikes provides support USD，USD The index holds above 102 the threshold

BlockBeats reports that October 29，USD The index edged higher during Thursday’s Asian session but failed to extend its gains, while remaining above the 102.00 round-number threshold. In addition, the USD index remains close to Wednesday’s 2 weekly high, with traders awaiting the release of key U.S. macroeconomic data for fresh drivers of market direction.

The preliminary U.S. third-quarter GDP figure and the personal consumption expenditures price index will be released later today. As markets bet on the Fed December rate hike, investors will closely monitor these data for further clues about the Fed’s future policy path. Therefore, stronger-than-expected data would further reinforce market expectations and drive the USD index higher.

Meanwhile, given that the Fed signaled a hawkish pause in rate hikes on Wednesday, the market’s immediate reaction may be relatively limited even if these key data fall short of expectations. At the same time, regional mediators led by Qatar are working to push for the resumption of U.S.-Iran negotiations to prevent the war from breaking out again. However, geopolitical risk premiums remain, meaning that even if the USD index undergoes a technical pullback, it is more likely to attract dip-buying, with losses potentially remaining relatively limited. (Jinshi)

Original link https://m.theblockbeats.info/flash/374283

Key points

October 29，USD The index edged higher during Thursday’s Asian session but failed to extend its gains.
USD index remains above 102.00 and near the 2 weekly high touched on Wednesday.
U.S. third-quarter GDP preliminary reading and the personal consumption expenditures price index will be released later that day.
Reports noted that the market is betting on the Federal Reserve December raising interest rates and watching data for clues on the future policy path.
The report said that the Fed signaled a hawkish pause in rate hikes on Wednesday.
Regional mediators led by Qatar are working to advance renewed U.S.-Iran negotiations.

AI-assisted interpretation

The following is analysis, separate from reported facts. Verify important claims independently.

USD The index measures USD relative strength against a basket of currencies. Currently USD it remains above 102 with the market awaiting U.S. economic data to assess the Federal Reserve’s subsequent policy direction.

Why it matters to readers

If GDP or PCE data are strong, the report believes that USD index may receive further support; geopolitical risks may also limit USD's pullback.

For beginners, focus on 102 this level, as well as GDP、PCE after the data release,USD whether the index experiences significant volatility.

Risks and unknowns

The report cites BlockBeats and identifies Jin10 as the source, but provides no independent official materials for verification.
GDP The preliminary figure and PCE the data had not yet been released when the report was published; the actual results and market reaction remain unknown.
Whether U.S.-Iran negotiations will resume and how subsequent geopolitical risks will evolve remain uncertain.

After the Fed's hawkish pause in rate hikes, the USD index holds 102 level, with the market awaiting GDP and PCE

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