US Dollar Index Rises Against Major Peers on Safe-Haven Demand
Key Facts
The US Dollar Index traded sharply higher against major peers driven by increased demand for safe-haven assets. FXStreet reported that global markets were impacted by an intensified sell-off in AI infrastructure stocks, which prompted investors to rotate into the USD.
The index recovered above its 20-day Exponential Moving Average (EMA) as equity market volatility triggered a flight to safety. This technical breakout occurred on November 6, 2026, as market participants positioned themselves ahead of the release of US Non-Farm Payrolls data.
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Update: The S&P 500 recorded the largest loss in market capitalization in history on November 6, 2026, further bolstering safe-haven demand for the US dollar. The greenback's strength persisted despite an interest rate hike by the Bank of England.