DXY H2 | Market Outlook

- The greenback came under pressure after a report said some Fed officials have signaled greater unease with big interest rate hikes to fight inflation, even as they line up another big rate hike for November.
- The Wall Street Journal reported that Fed officials are barreling toward another interest rate hike of 0.75 percentage points at their November meeting, while some policymakers have begun signaling their desire to slow down the pace of increases soon. Fed officials are likely to debate then whether and how to signal plans to approve a smaller increase in December, the report said.
- Possible bearish pullback price movement towards the support 110 within the next period.