US dollar gains amid rate hike doubts

The US dollar increased despite investors reducing their expectations for the Federal Reserve to raise interest rates in October, due to ongoing uncertainty around inflation and the possibility of further monetary tightening measures. Weekly data showed a slowdown in job growth in the United States during September, with significant revisions to previous non-farm payroll figures, leading to a decrease in the likelihood of a rate hike to less than 20% from 64% a week earlier, according to the "Fed Watch" tool. Nevertheless, investors still anticipate a rate increase in December, which contributed to gains in Asian, European, and US futures markets, with the S&P 500 futures remaining steady, while Nasdaq futures and Euro Stoxx 50 futures rose.

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