U.S. Dollar Index rallied as traders focused on inflation data. Inflation Rate increased from 3.4% in August to 3.7% in September, compared to analyst forecast of 3.6%. Core Inflation Rate grew from 2.4% to 2.6%, compared to analyst consensus of 2.5%. The reports indicated that high energy prices have started to push prices of other goods and services higher.

FedWatch Tool indicates that the probability of a rate hike at the next Fed meeting has increased to 37.1%. Interestingly, traders believe that Fed will keep rates unchanged in October despite rising inflation.