The US dollar index traded in a narrow 101.60 to 101.80 band, according to the FXStreet preview published on 21 October, with the market described as waiting for further US data and geopolitical headlines. Quiet ranges like this often precede larger moves, but they do not tell you the direction.
GBP/USD built on Tuesday's gains, briefly surpassing 1.3400 after UK inflation printed hotter than expected (see our UK CPI brief). The euro was a touch softer in the preview, close to 1.1200 at one point, but a Tokyo report on Thursday had EUR/USD at about 1.1250, up from 1.1233 earlier in the session. Different timestamps explain the gap.
US long-term yields eased from roughly 5.10% to 5.08% in Asian hours, which accompanied the dollar's slide against the yen (see our yen brief).
Looking ahead, we have previously noted that the Federal Reserve meets 27 to 28 October and the Bank of Canada also reports next week; we have not checked the full calendar for further releases today, so verify the schedule on your own calendar. Read why pricing matters more than the decision before event days.
Market commentary for information only; not trading advice. Figures approximate, from published reports on 21-22 October 2026.