Dollar Strengthens as Investors Look for Safety -- WSJ
Dow Jones2026/10/05 13:46By Angus Berwick Investors are flocking to safety, helping push the dollar close to an almost 18-month peak against a basket of currencies. Supporting the greenback is a selloff in the euro: Markets are fretting about France's financial health, after new figures last week highlighted its ballooning public debt. French government bond yields have climbed to their highest levels since 2002, knocking the euro overall. France's stock market index also fell 1% Monday. In Brazil, stocks jumped and the real is rallying more than 4% against the dollar after a first-round victory last night by Flávio Bolsonaro against President Luiz Inácio Lula da Silva. U.S. stocks have opened mixed, with the Dow industrials edging lower while the Nasdaq gained modestly. Treasury yields are creeping higher again, with the 10-year's at 5.307%, about 0.04 percentage point below recent multidecade highs. Oil prices are little changed following an agreement Friday by G-7 countries to release crude and diesel reserves. Write to Angus Berwick at angus.berwick@wsj.com This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage). (END) Dow Jones Newswires October 05, 2026 09:46 ET (13:46 GMT)
By Angus Berwick
Investors are flocking to safety, helping push the dollar close to an almost 18-month peak against a basket of currencies.
Supporting the greenback is a selloff in the euro: Markets are fretting about France's financial health, after new figures last week highlighted its ballooning public debt. French government bond yields have climbed to their highest levels since 2002, knocking the euro overall. France's stock market index also fell 1% Monday.
In Brazil, stocks jumped and the real is rallying more than 4% against the dollar after a first-round victory last night by Flávio Bolsonaro against President Luiz Inácio Lula da Silva.
U.S. stocks have opened mixed, with the Dow industrials edging lower while the Nasdaq gained modestly. Treasury yields are creeping higher again, with the 10-year's at 5.307%, about 0.04 percentage point below recent multidecade highs.
Oil prices are little changed following an agreement Friday by G-7 countries to release crude and diesel reserves.
Write to Angus Berwick at angus.berwick@wsj.com
This item is part of a Wall Street Journal live coverage event. The full stream can be found by searching P/WSJL (WSJ Live Coverage).
(END) Dow Jones Newswires
October 05, 2026 09:46 ET (13:46 GMT)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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