Stocks upbeat, dollar wobbles as Fed hike bets recede
Global stocks rose while the US dollar edged lower on Monday as investors reduced bets on an aggressive Federal Reserve policy tightening cycle following cooler-than-expected US jobs data. This shift in expectations has increased the appeal of non-yielding assets like gold, which drifted higher in price. The euro has been under pressure, sliding to a 17-month low against the dollar, partly due to concerns over France.
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- ✓ Stocks were upbeat while the dollar edged lower on Monday.
- ✓ Expectations of a Federal Reserve rate hike in October have receded.
- ✓ Gold prices drifted higher as the appeal of non-yielding assets increased.
- ✓ The euro slid to a 17-month low against the US dollar.
What changed
Investors have trimmed bets on an aggressive policy tightening cycle by the Federal Reserve following cooler-than-expected US jobs data.
Live updates
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Stocks upbeat, dollar wobbles as Fed hike bets recede
Global stocks rose while the US dollar edged lower on Monday as investors reduced bets on an aggressive Federal Reserve policy tightening cycle following cooler-than-expected US jobs data. This shift in expectations has increased the appeal of non-yielding assets like gold, which drifted higher in price. The euro has been under pressure, sliding to a 17-month low against the dollar, partly due to concerns over France.
Why it matters
The recent softening of US economic data has led investors to reassess the likelihood of a Federal Reserve rate hike in October. The Fed's policy decisions have significant implications for global financial markets, influencing the value of the US dollar and the attractiveness of various assets. A less aggressive Fed is seen as supportive for stocks and non-yielding assets like gold.
What is confirmed
- Stocks were upbeat while the dollar edged lower on Monday.
- Expectations of a Federal Reserve rate hike in October have receded.
- Gold prices drifted higher as the appeal of non-yielding assets increased.
- The euro slid to a 17-month low against the US dollar.
Still unconfirmed
- Eurodrama in currency markets raises U.S. dollar's standing
What to watch next
- US economic data releases for October
- Federal Reserve policy meeting in October
- Eurozone economic data releases for October
confidence 85%Sources used for this update (13)
- Yahoo Finance — Stocks upbeat, dollar wobbles as Fed hike bets recede
- www.marketscreener.com — Gold gains as October Fed rate hike prospects fade
- Reuters — Morning Bid: The euro has a France problem
- Axios — Eurodrama in currency markets raises U.S. dollar's standing
- dw.com — Euro plummets against US dollar: has the next financial crisis begun?
- thehill.com — Euro slides to 17-month low, boosting dollar’s standing
- www.thestar.com.my — Asean News Headlines at 10pm on Monday (Oct 5, 2026) | The Star
- ca.marketscreener.com — Gold edges up as October rate hike bets ease, stronger dollar cap gains | MarketScreener Canada
- english.kontan.co.id — Indonesia to Review Electricity Export Deals, Senior Minister Says
- www.marketscreener.com — Stocks upbeat, dollar wobbles as Fed hike bets recede | MarketScreener
- www.marketscreener.com — Rothschild & Co Redburn Adjusts Interactive Brokers Price Target to $92 From $95
- www.marketscreener.com — UBS Adjusts Price Target on Interactive Brokers to $101 From $102, Maintains Neutral Rating
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