Dollar Little Changed After Fed Holds Rates as Expected
The dollar was unmoved after the Fed held rates steady. Two FOMC members dissented in favor of a hike; the decision was widely expected.
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The dollar was unmoved after the Fed held rates steady. Two FOMC members dissented in favor of a hike; the decision was widely expected.
The U.S. dollar was mostly flat against major currencies after the Fed held rates steady as expected. The New Zealand dollar fell sharply after its central bank unexpectedly left rates unchanged.
Texas Capital Bancshares reported record third-quarter adjusted earnings per share of $2.35, up 8% year over year, and adjusted revenue of $357 million, up 5%. The company also authorized a new $200 million share repurchase after completing its prior buyback plan.
East West Bancorp reported record Q3 2026 revenue, net interest income and diluted EPS. It raised full-year net interest income growth guidance to 9–10% and lowered its full-year net charge-off guidance.
Peoples Bancorp reported Q3 2026 diluted EPS of $1.04, versus analyst expectations of $0.93; adjusted EPS was $0.91. The bank also projected 2026 loan growth of 6% to 8% and 2027 growth of 3% to 5%.
State Street reported third-quarter 2026 EPS of $3.69, up 33% year over year, and total revenue of $4 billion, up 13%. The company also reported record assets under custody and administration of $59.2 trillion and assets under management of $6.3 trillion.
Kenanga economists expect the dollar to trade between 4.08 and 4.10 ringgit next week, with risks tilted toward further ringgit weakness. They said U.S. inflation data, Fed rate expectations, Malaysia’s Budget 2027 and geopolitical risks may influence the pair.
Most Asian currencies were little changed against the dollar as investors waited for U.S. data, including the University of Michigan preliminary consumer sentiment reading. Traders were also watching Treasury yields and comments from Federal Reserve officials for clues on the policy outlook.
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