LONDON — The dollar nudged higher against the euro, yen and pound on Tuesday, as traders braced for a barrage of major central bank meetings that will shape the interest rate outlook, as well as key corporate earnings that could ripple through all asset classes, Reuters reported. The Federal Reserve is set to announce its latest policy decision on Wednesday, the European Central Bank is up on Thursday, and the Bank of Japan rounds out the week on Friday. All three are expected to keep rates on hold, so the focus will be on any hints policymakers give on their outlook, Reuters said.

Source: Reuters, London, Oct 27, 2026, via Kitco

“The dollar has found good support early this week, as stabilising AI-related sentiment has allowed markets to reconnect with the broader supportive backdrop of a hawkish Federal Reserve and high energy prices,” said Francesco Pesole, a currency analyst at ING, in comments reported by Reuters. Pesole said markets were positioning ahead of the Fed meeting, anticipating Chair Kevin Warsh will reiterate his commitment to fighting inflation, something that will reinforce the floor under the dollar. A second Reuters report, from Shanghai and Singapore, said the dollar index held steady near a two-week high at 102.11 on Tuesday as a tech-led rebound on Wall Street revived appetite for risk, while investors awaited megacap earnings. Risk appetite returned overnight after Anthropic's IPO filing and Meta's $95 billion equity plan rekindled the artificial intelligence trade, Reuters reported — yaani $95 billion is 9,500 crore dollars.

Source: Reuters, Shanghai/Singapore, Oct 27, 2026, via WNFL

Japan is the week's pressure point. A key gauge of Japan's service-sector inflation rose 3.7% in September from a year earlier, data showed on Tuesday, a sign of increasing price pressures that will likely keep the Bank of Japan on track for further interest rate hikes, Reuters reported. Finance Minister Satsuki Katayama said on Tuesday the government stood ready to take decisive action in the currency market, reminding markets of Tokyo's willingness to intervene to prop up its currency. Markets price slightly better-than-even odds of a December Bank of Japan hike, so there is plenty of room for a rebound in the yen should Governor Ueda strike a hawkish note, Ebury analysts said in a note reported by Reuters, adding: “We still favour another hike at the last meeting of the year, though whether the BOJ will be prepared to commit to that just yet is unclear.”

Source: Reuters, London, Oct 27, 2026, via Kitco

In Europe, the euro extended its fall slightly after the release of the ECB's quarterly Bank Lending Survey, which showed the impact of its rate hikes becoming visible, Reuters reported. The second Reuters report said the ECB is set to keep rates unchanged at 2.5% on Thursday, while New Zealand's and Canada's central banks are expected to raise rates this week, with the kiwi dollar up 0.4% to 0.5702 as markets widely expected New Zealand to lift its official cash rate by a quarter point to 3.0% on Wednesday. The euro was also underpinned — in the other direction — by a weaker single currency: it fell to a near two-week low, last fetching $1.1171 in that report, down about 1.4% this month, as a selloff in French government bonds drove France's debt-risk premium to its highest since the 2011 sovereign debt crisis and rekindled concerns about financial stress across the euro zone, Reuters reported. In Britain, finance minister John Healey will announce his budget on Wednesday, and that helped keep the pound in check on Tuesday, Reuters said. Finimize, summarising the same market picture, called the week a rare pile-up of central bank meetings plus Big Tech earnings, and noted that strong numbers from Alphabet, Microsoft and Amazon could keep the recent tech rebound going.

Source: Reuters, Shanghai/Singapore, Oct 27, 2026, via WNFL