# Dollar Drops as Oil Inflation Fears Build

> Oil prices and Fed meeting worries push dollar down ahead of key policy decision.
- Title: Dollar Drops as Oil Inflation Fears Build · BigGo Finance
- Summary: Oil prices and Fed meeting worries push dollar down ahead of key policy decision. Dollar index fell 0.14% to 101.65 as oil-driven inflation fears grow ahead…
- Keywords: dollar index, oil prices, fed meeting, inflation fears, fed funds futures, rba deputy governor, euro, yen, australian dollar, uk inflation, france protests, finance
- Source: BigGo Finance — https://finance.biggo.com/news/c94df147-3962-4f1d-9810-42eb3645d373
- Author: BigGo Finance
- Published: 2026-10-21T21:55:16+00:00
- Read time: 1 min
- Topics: dollar index, oil prices, fed meeting, inflation fears, fed funds futures, rba deputy governor, euro, yen, australian dollar, uk inflation, france protests, finance
## Dollar index falls
Dollar index dropped 0.14% to 101.65 as traders weighed oil-driven inflation risks ahead of Fed meeting.
## Fed funds futures signal
Fed funds futures show little chance of rate hike next week with next increase expected in December.
## Euro pressured by France
Euro held flat at $1.1237 as French protests and fiscal strains push 10-year borrowing costs to 24-year highs.
## Australian dollar rises
Australian dollar climbed 0.41% to $0.7031 after RBA Deputy Governor Andrew Hauser called inflation outlook 'materially worse'.

> materially worse
## Sterling gains
Sterling rose 0.16% to $1.34 after UK inflation data showed stronger-than-expected rise.
## Yen little change
Yen held steady at 158.12 per dollar after BoJ deputy governor noted inflation near 2% target.
## Key takeaway

Dollar index fell 0.14% to 101.65 as oil-driven inflation fears grow ahead of Fed meeting.