Dollar Lifted by French Debt Concerns, U.S. Rate-Rise Bets -- Market Talk

Dow Jones2026/10/05 06:49

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)

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