# U.S. dollar steady ahead of Fed decision; focus on U.K. budget

> The dollar held gains near a two-week high ahead of the Fed decision, with traders expecting no change but a 78% chance of a December hike. The dollar index traded at 102.37 and the 10-year Treasury yield was near 5.0%. Sterling investors also awaited the UK budget.

- Date: 2026-10-28 · published 2026-10-29T06:13:43.893Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/646-u-s-dollar-steady-ahead-of-fed-decision-focus-on-u-k-budget
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [British Pound (USD per GBP)](https://feedsoft.ai/c/GBPUSD.md)

## Why it matters

Expectations of a December rate hike and a firmer dollar weigh on dollar-denominated commodity prices and raise financing costs for feed buyers.

## Read by commodity

- DXY: bullish ▲
- GBPUSD: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2021-09-09 | [Dollar little changed, euro steady ahead of ECB decision](https://feedsoft.ai/events/45266-dollar-little-changed-euro-steady-ahead-of-ecb-decision.md) | -0.2% | +1.3% |
| DXY | 2022-09-20 | [Australian dollar steady ahead of Fed and BoJ \| IG Bank Switzerland](https://feedsoft.ai/events/39842-australian-dollar-steady-ahead-of-fed-and-boj-ig-bank-switzerland.md) | +2.8% | +2.3% |
| DXY | 2025-10-29 | [Dollar drifts higher ahead of Fed decision, Aussie gains on CPI \| MarketScreener](https://feedsoft.ai/events/22662-dollar-drifts-higher-ahead-of-fed-decision-aussie-gains-on-cpi-marketscreener.md) | +1.0% | +0.5% |
| 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 | 2019-11-13 | [US dollar steady as case for Fed's pause solidifies](https://feedsoft.ai/events/56261-us-dollar-steady-as-case-for-fed-s-pause-solidifies.md) | -0.0% | -0.4% |

## Sources

- bnnbloomberg.ca: https://www.bnnbloomberg.ca/markets/currencies/2026/10/28/us-dollar-steady-ahead-of-fed-decision-focus-on-uk-budget/

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