US Dollar: Risk repricing caps upside – DBS

FXStreet · FXStreet Insights Team · 2026-11-06 12:15 UTC

DBS Group Research’s Philip Wee notes that the Dollar failed to benefit from the latest risk-off episode as US Treasury yields and Fed hike expectations fell. He highlights that the DXY Index was flat despite an equity rout, with investors reassessing the need for further tightening.

DBS Group Research’s Philip Wee notes that the Dollar failed to benefit from the latest risk-off episode as US Treasury yields and Fed hike expectations fell. He highlights that the DXY Index was flat despite an equity rout, with investors reassessing the need for further tightening. Upcoming US events, including nonfarm payrolls and consumer sentiment, are seen as key tests for Fed repricing and USD downside risks.

Fed repricing weighs on Dollar

"The post-US midterm relief rally gave way to an AI-led risk sell-off. The USD struggled to benefit as US Treasury yields and Fed hike expectations fell."

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