Dollar hits 17-month high: Greenback headed for three week gaining streak as bond rout drags euro
Times of India 1 hr ago·2 Oct 2026, 5:06 am
The U.S. dollar has climbed to its highest level in 17 months, extending a three‑week winning streak. The rally is being driven by a broad sell‑off in government bonds, which has pushed yields higher and made the dollar more attractive relative to other currencies. At the same time, worries about France’s fiscal outlook have weighed on the euro, widening the dollar‑euro gap.
For Indian investors, a stronger dollar can affect the cost of overseas assets, the value of foreign earnings for export‑oriented companies, and the price of commodities priced in dollars. A weaker euro also influences the performance of European stocks and any India‑Europe trade exposure.
Key drivers to monitor are upcoming U.S. employment data and any new comments from the Federal Reserve that could reshape expectations for interest‑rate moves. In Europe, developments in French fiscal policy and the broader euro‑zone bond market will determine whether the euro can regain ground or the dollar’s advance continues.
Key takeaways
- Category: Forex.
- AI reads the tone as negative (potentially bearish) for the stock.
- Flagged as a high-impact, market-moving story.
Why it matters
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