US Dollar Rises Broadly as EURUSD Hits 2026 Low Amid Bond Market Holiday

Key Facts

1The US dollar rose against all seven major currencies, with EURUSD hitting a new low for 2026.

2US cash Treasury markets were closed for a holiday, delaying market reaction to hawkish Fed comments.

3USDJPY moved above its 200-day moving average of 158.54 and maintained its position.

The US dollar rose against all seven major currencies, with EURUSD hitting a new low for 2026. Investinglive.com reported that US cash Treasury markets were closed for a holiday on October 12, 2026, which limited the immediate market reaction to hawkish comments from Federal Reserve officials.

The USDJPY pair moved above its 200-day moving average of 158.54 and maintained its position, supported by hawkish remarks from Cleveland Fed President Beth Hammack and a rebound in oil prices. The dollar saw its largest gains against the Swiss franc and its smallest gains against the Canadian dollar amid thin holiday liquidity.