# FX Daily: October Fed hike remains very data dependent | ING THINK

> ING's FX daily says pricing for an October Fed hike fell below 50% after weak US consumer sentiment and JOLTS job openings data. The dollar still rose, as rising long-dated yields kept weighing on risk sentiment and higher-beta currencies.

- Date: 2026-09-30 · published 2026-09-30T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/17641-fx-daily-october-fed-hike-remains-very-data-dependent-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US commodity exports more expensive for overseas buyers and can weigh on dollar-denominated grain and meal prices. Shifting Fed expectations keep the currency outlook volatile for importers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2024-04-12 | [FX Daily: From Fed dependence to Fed divergence \| articles \| ING THINK](https://feedsoft.ai/events/9972-fx-daily-from-fed-dependence-to-fed-divergence-articles-ing-think.md) | +1.1% | +0.5% |
| DXY | 2023-10-25 | [FX Daily: Hawks versus data, part one \| articles \| ING THINK](https://feedsoft.ai/events/33851-fx-daily-hawks-versus-data-part-one-articles-ing-think.md) | +0.2% | -2.4% |
| DXY | 2025-10-30 | [FX Daily: Fed discord delays dollar drop \| ING THINK](https://feedsoft.ai/events/22615-fx-daily-fed-discord-delays-dollar-drop-ing-think.md) | +1.1% | +0.4% |
| DXY | 2022-04-28 | [FX Daily: Dollar boom \| ING THINK](https://feedsoft.ai/events/7376-fx-daily-dollar-boom-ing-think.md) | +0.1% | -0.4% |
| DXY | 2021-06-17 | [FX Daily: The Fed disrupting the calm \| articles \| ING THINK](https://feedsoft.ai/events/6129-fx-daily-the-fed-disrupting-the-calm-articles-ing-think.md) | +1.1% | +1.7% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-october-fed-hike-remains-very-data-dependent/

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