# Dollar Dips as Traders Wait on Fed

> Dollar dips as traders wait on Fed; Aussie gains.
- Title: Dollar Dips as Traders Wait on Fed · mint | Shortify
- Summary: Dollar dips as traders wait on Fed; Aussie gains. US dollar dips as traders weigh oil-driven inflation risks and await Fed meeting, while Australian dollar…
- Keywords: us dollar, fed, australian dollar, rba, inflation, oil prices, euro, french unrest, bank of england, yen, news, india
- Source: mint — https://livemint.com/market/dollar-dips-as-traders-wait-on-fed-aussie-gains-11792610330595.html
- Published: 2026-10-21T19:18:50+00:00
- Read time: 1 min
- Topics: us dollar, fed, australian dollar, rba, inflation, oil prices, euro, french unrest, bank of england, yen, news, india
## Dollar Dips
US dollar index dipped as traders weighed oil-driven inflation risks and waited for next week's Federal Reserve meeting.
## Fed Outlook
Fed funds traders see only a small chance of a hike next week, with the next interest rate increase expected in December.
## Aussie Gains
Australian dollar jumped after RBA deputy governor flagged materially worse inflation outlook.
## French Unrest
French 10-year borrowing costs reached 24-year highs as anti-government protests pressured the euro.
## AI Trade Impact
AI trade boosted US growth and inflation, keeping it above target while other countries lagged.
## Sterling Rise
Sterling rose 0.16% to $1.34 after UK inflation rose more than expected, strengthening case for Bank of England rate increase.
## Yen Firms
Yen firming to 158.12 per dollar as Bank of Japan signals scope for higher borrowing costs.
## Key takeaway

US dollar dips as traders weigh oil-driven inflation risks and await Fed meeting, while Australian dollar rises on hawkish RBA comments.