Dollar rises as EUR/USD hits 2026 low

The U.S. dollar rose against seven major currencies on Oct. 12, with EUR/USD down 0.41% at 1.1155, according to an InvestingLive market wrap published Monday.

The move came as U.S. stocks split, with the Dow up 0.38% and the Nasdaq 100 down 0.71%, while WTI crude rose 1.48% to $93.21 in the late-session snapshot.

Dollar sets the tone

The dollar’s advance was broad rather than concentrated. InvestingLive’s snapshot showed USD/CHF up 0.53% at 0.8345, the largest dollar gain among the listed pairs, and USD/CAD up 0.18% at 1.4280, the smallest.

EUR/USD fell through last week’s 1.11603 low after an earlier advance stalled near 1.1217, close to its 100-hour moving average, a rolling price measure traders use to judge short-term trend strength. InvestingLive identified 1.11296 as the next downside level, marking the 50% midpoint of the January 2025-to-January 2026 rally.

USD/JPY rose 0.21% to 158.64. The pair traded above its 200-day moving average at 158.54, which InvestingLive described as the near-term reference point for whether the day’s breakout retains force.

Rates signal waits

The U.S. cash Treasury market was closed for the holiday, leaving no Monday move in government-bond yields to measure against the currency and commodity shifts. InvestingLive carried Friday’s closing yields into the session: 4.7911% for the two-year note, 5.2421% for the 10-year note and 5.6001% for the 30-year bond.

That gap matters because a stronger dollar, higher oil and firmer policy rhetoric normally feed quickly into expectations for U.S. rates. The first cash-market response is due when Treasury trading resumes Tuesday.

Cleveland Fed President Beth Hammack supplied the main policy signal in the absence of major U.S. data. InvestingLive reported that Hammack described Treasury rates as “modest” by historical standards, said further restraint was needed and expressed concern that inflation expectations may be starting to loosen.

The report also said Hammack acknowledged strain on lower-income households and risks to employment. That frames the policy question as one of pace and balance, rather than inflation control alone.

Equities diverge

U.S. equity indexes ended unevenly before a heavier earnings and data calendar. The Dow industrial average closed up 196.00 points, or 0.38%, at 51,856.18, while the S&P 500 slipped 4.30 points, or 0.06%, to 7,807.24.

Technology-heavy benchmarks were weaker. The Nasdaq Composite fell 120.27 points, or 0.44%, to 27,245.90, and the Nasdaq 100 lost 218.45 points, or 0.71%, to 30,664.70. The Russell 2000 declined 12.50 points, or 0.45%, to 2,794.48.

European shares were firmer. Spain’s Ibex 35 rose 1.33% to 19,285.79, the strongest listed regional move, while the UK’s FTSE 100 gained 0.99% to 10,656.28 and Germany’s DAX rose 0.76% to 25,277.69.

Commodities and crypto

Oil rose while precious metals and Bitcoin fell. InvestingLive’s late-session snapshot put WTI crude futures at $93.21, up $1.36, or 1.48%; gold at $4,169.99, down $24.655, or 0.59%; silver at $60.2222, down $0.5568, or 0.92%; and Bitcoin at $82,969, down $710, or 0.85%.

InvestingLive linked oil’s strength to continued sensitivity around Middle East tensions, while saying the closed Treasury market made it impossible to assess a same-day cash-yield reaction. Gold’s decline coincided with dollar strength, but the report did not establish a longer-term relationship.

What to watch

On Tuesday, Oct. 13, Treasury trading resumes and major bank earnings begin, giving investors the first full rates-market read on Monday’s dollar, oil and Fed developments.

On Wednesday, Oct. 14, the U.S. consumer-price index is due.

On Thursday, Oct. 15, producer-price inflation and retail sales are scheduled, adding data on inflation pressure and household demand.

For currencies, InvestingLive highlighted EUR/USD’s 1.11296 downside level and USD/JPY’s 158.54 200-day moving average as the next technical markers for traders.

Source: market news report, InvestingLive/Forexlive, Oct. 12, 2026