5 stories on dollar from MarketRadar.
ING's Chris Turner says a ~20bp flattening of the 2-10y Treasury curve is anchoring the dollar near 18-month highs, even as hot CPI and PPI prints collide with a tech-led Treasury rally.
EUR/USD fell through the 1.1150 floor to just above 1.1100, its weakest since May 2025, after September US inflation came in hotter than expected and lifted October Fed hike odds from about 20% to roughly 50%.
ING's FX team says the dollar is stretched across the G10 — overvalued by 1.1% on its own model — but sees no macro trigger yet for the rally to turn.
EUR/USD touched 1.1161 in Asian trade on Monday, its weakest since May 2025, as reports of a possible Spanish snap election and heavy hedge-fund selling piled pressure on the euro.
GBP/USD clung to 1.3200 into Friday's US jobs report — then September payrolls printed at just 29K vs 90K expected, knocking the dollar and giving sterling breathing room.
