US Dollar Pulls Back as Markets Scale Back Fed Rate Hike Bets. Forecast as of 30.09.2026

As soon as New York Fed President John Williams said the Fed didn't need to raise rates immediately, the odds of an October rate hike dropped sharply, and EUR/USD bears retreated. Let's discuss this and build a trading plan.Major Takeaways The rally in Treasury yields is causing panic. The Fed's doves are in no hurry to raise rates. Lagarde's dovish rhetoric has put pressure on the euro. Some short positions in the EURUSD pair can be closed.Weekly Fundamental Forecast for DollarOver the past six