Inflation Measures: Market and Omer Esiner

inflation measures: The report didn't shake the upward momentum in the dollar, which wavered slightly after the release, but held on to gains against other currencies, according to Market Watch. Minutes were largely a non-event and confirmed the market view that the Fed is inching toward raising rates in December. Minutes from the September Federal Open Market Committee meeting described the decision around holding rates unchanged as a close call, and indicated that Fed officials saw sufficient reasons for a hike but wanted to see further evidence of economic improvement with doves pointing to slack in inflation measures. The dollar upward momentum will continue as currency markets revert to the comfortable view of divergent policy outlook, said Omer Esiner, chief market analyst at Commonwealth Foreign Exchange. The buck has climbed about 2.6% so far in October, according to Fact Set data. The ICE U.S. Dollar index DXY, +0.42% which measures the greenback performance against six other currencies, was up 0.3% at 97.915, a seven-month high. (news.financializer.com). As reported in the news.