Dollar Has Second Best Month of 2025 on Data Void, Hawkish Fed

The dollar wrapped up its second best month of the year as lack of official data muddies the outlook for the US economy and the Federal Reserve’s interest-rate path.

The Bloomberg Dollar Spot Index advanced for a third day on Friday, bringing October’s gain to 1.7%. The greenback got a boost this week when Fed Chair Jerome Powell said that another rate cut this year is far from certain. Meanwhile, the dollar’s peers from developed countries — namely the euro, British pound and Japanese yen — were bogged down by their domestic troubles.