ForexMedium•1 October 2026•
1 min read
US Dollar Hits 18-Month High as Euro Weakens
Key Facts
1The U.S. dollar reached its highest level in 18 months against a basket of major currencies.
2The euro experienced a significant stumble, contributing to the strength of the dollar index.
The U.S. dollar reached its highest level in 18 months against a basket of major currencies. MarketWatch reported that a significant stumble in the euro contributed to the strength of the dollar index during trading on October 1, 2026.
The surge was fueled by a combination of euro weakness and shifting expectations for Federal Reserve policy, building on momentum from the previous two days. This price action follows earlier data from September 24, 2026, which showed U.S. initial jobless claims falling to 197,000, coming in below market forecasts.