# Forex Today: US Dollar consolidates weekly gains ahead of all-important Fed rate call

> The US dollar index held near two-week highs around 102.50 after three days of gains ahead of the Fed decision. Markets expected the federal funds rate to stay at 3.75%-4%, and the 10-year yield remained above 5%.

- Date: 2026-10-28 · published 2026-10-29T06:13:43.899Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/648-forex-today-us-dollar-consolidates-weekly-gains-ahead-of-all-important-fed-rate
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A firmer dollar and higher yields pressure dollar-priced commodities and raise carrying costs for feed inventories.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2025-09-25 | ['Fedspeak' fuels weekly US Dollar gains; Banxico to cut rates \| Convera](https://feedsoft.ai/events/23123-fedspeak-fuels-weekly-us-dollar-gains-banxico-to-cut-rates-convera.md) | -0.0% | +0.7% |
| 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 | 2024-04-18 | [US dollar gains after strong data, Fed comments on rate cuts](https://feedsoft.ai/events/12555-us-dollar-gains-after-strong-data-fed-comments-on-rate-cuts.md) | -0.1% | -1.4% |
| DXY | 2018-10-02 | [Dollar Consolidates Gains, Yen Weighed by Appetite for Risk After NAFTA Deal - Business Insider](https://feedsoft.ai/events/62774-dollar-consolidates-gains-yen-weighed-by-appetite-for-risk-after-nafta-deal.md) | +0.7% | +2.1% |
| DXY | 2022-03-03 | [Euro extends recent fall, U.S. dollar gains ahead of jobs data](https://feedsoft.ai/events/8257-euro-extends-recent-fall-u-s-dollar-gains-ahead-of-jobs-data.md) | +0.7% | -0.6% |

## Sources

- fxstreet.com: https://www.fxstreet.com/news/forex-today-us-dollar-consolidates-weekly-gains-ahead-of-all-important-fed-rate-call-202610280822

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