Veytics Intelligence
2026-10-12 · Biggo

Dollar Holds Near 18-Month High as Middle East Conflict and US Inflation Loom - BigGo Finance

The greenback consolidated just below its strongest level in eighteen months on Monday, as traders weighed escalating hostilities in the Middle East against the approach of a critical US inflation report that could determine the Federal Reserve's next policy move. Global investors have been piling into the US currency in recent weeks, with speculative positioning data from the US markets regulator showing net bullish bets surged to roughly $36 billion in the week through October 7, up from just $8.4 billion three weeks earlier. Much of that accumulation came at the expense of the euro, which has now posted five consecutive weeks of declines.

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