Recent Federal Reserve communications and October inflation data have anchored DXY near 102, with the index closing around 101.89 on October 30 after trading in a 101.5–102.9 range. The FOMC held the federal funds rate at 3.75–4.00 percent on October 28, citing resilient GDP growth of 3.4 percent year-over-year and elevated core PCE at 3.1 percent, while two officials dissented in favor of an immediate hike. Markets now imply roughly a 75–83 percent probability of a December rate increase, supporting Treasury yields near 5 percent on the 10-year and limiting downside pressure despite easing geopolitical tensions. Firm relative U.S. rate expectations versus other G10 central banks continue to underpin the dollar’s year-to-date gains of roughly 3 percent.