Dollar Lifted by French Debt Concerns, U.S. Rate-Rise Bets -- Market Talk
Dow Jones2026/10/05 06:490649 GMT - The dollar rises, hovering close to a near 18-month peak reached overnight against a basket of currencies and supported by expectations for U.S. interest-rate rises and French fiscal concerns. The dollar pulled back Friday after U.S. nonfarm payrolls data were weaker than expected but the falls proved short-lived. The report reduced expectations for an October interest-rate rise by the Federal Reserve but markets continue to price a high probability of a December increase, LSEG data show. Mounting worries over French debt are also weighing on the euro and supporting the dollar as a safe haven. The DXY dollar index rises 0.5% to 102.423, having earlier reached 102.535, its highest level since April 2025. (renae.dyer@wsj.com) (END) Dow Jones Newswires October 05, 2026 02:49 ET (06:49 GMT)
0649 GMT - The dollar rises, hovering close to a near 18-month peak reached overnight against a basket of currencies and supported by expectations for U.S. interest-rate rises and French fiscal concerns. The dollar pulled back Friday after U.S. nonfarm payrolls data were weaker than expected but the falls proved short-lived. The report reduced expectations for an October interest-rate rise by the Federal Reserve but markets continue to price a high probability of a December increase, LSEG data show. Mounting worries over French debt are also weighing on the euro and supporting the dollar as a safe haven. The DXY dollar index rises 0.5% to 102.423, having earlier reached 102.535, its highest level since April 2025. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
October 05, 2026 02:49 ET (06:49 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
A newly created wallet withdrew 7,166 ZEC worth $9.67 million from an exchange within 12 hours.
Tom Lee Says Crypto’s Rally Is Signal: Fed Will Ease And Democrats Will Back CLARITY Act After Midterms
U.S. stocks ignore high yield warnings! Tech stocks lead gains, pushing the S&P 500 near historic highs
As investors largely ignored concerns arising from bond yields reaching multi-decade highs, tech stocks led the rally, pushing the S&P 500 close to its historical high.
BUZZ - Australia's Stakk shares surge due to IBM software contract
On October 5th, Stakk (SKK.AX) shares rose as much as 26.1% to AUD 0.029, marking the largest intraday gain since September 29. The digital trust technology company announced that IBM will use its AI-driven document processing and verification software under a contract. The software will be deployed across Australia and New Zealand. The initial contract term is one year and will immediately generate revenue for the company. Including today's trading, the stock has declined 30.3% so far this year.
Crypto prices
More
