# Near 102.50: United States Dollar Index gains ahead of Fed rate decision

> The US Dollar Index was near 102.40, close to a two-week high, ahead of the Fed's October policy meeting. Fed funds futures implied about a 93% chance of a hold that month and about an 84% chance of a December hike.

- Date: 2026-10-28 · published 2026-10-28T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/17224-near-102-50-united-states-dollar-index-gains-ahead-of-fed-rate-decision
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Higher odds of a December hike support the dollar, which can pressure dollar-priced commodities and weaken US export competitiveness for feed ingredients.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2026-06-30 | [United States Dollar Index strengthens above 101.00 on Fed rate hike bets](https://feedsoft.ai/events/19015-united-states-dollar-index-strengthens-above-101-00-on-fed-rate-hike-bets.md) | -0.1% | -0.3% |
| DXY | 2026-06-18 | [United States Dollar Index: Hawkish Fed repricing supports gains – Deutsche Bank](https://feedsoft.ai/events/18714-united-states-dollar-index-hawkish-fed-repricing-supports-gains-deutsche-bank.md) | +1.4% | +1.0% |
| DXY | 2021-07-28 | [United States Fed Interest Rate Decision meets forecasts (0.25%) — Octa](https://feedsoft.ai/events/46250-united-states-fed-interest-rate-decision-meets-forecasts-0-25-octa.md) | -0.4% | +0.4% |
| DXY | 2024-09-16 | [US dollar strengthens ahead of expected Fed rate cut](https://feedsoft.ai/events/28508-us-dollar-strengthens-ahead-of-expected-fed-rate-cut.md) | -0.2% | +1.1% |
| DXY | 2022-10-28 | [Ringgit extends downtrend vs dollar ahead of US fed decision on interest rates next week \| Malay Mail](https://feedsoft.ai/events/39383-ringgit-extends-downtrend-vs-dollar-ahead-of-us-fed-decision-on-interest-rates.md) | +1.2% | -2.4% |

## Sources

- tmgmasia.com: https://www.tmgmasia.com/eng/analysis/market-news/article/united-states-dollar-index-strengthens-to-near-10250-fed-rate-decision-looms-202610280516

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.