Bondford’s Q4 2026 FX outlook examines how the Federal Reserve’s return to rate hikes, a deepening energy shock from the Middle East conflict and growing fiscal and political pressures are shaping the outlook for the US dollar, euro and pound sterling heading into the final quarter of the year.

September’s US non-farm payrolls came in at just 29,000 — far below expectations. Bondford examines what the NFP miss means for Federal Reserve rate policy, the US dollar outlook and currency markets in Q4 2026.