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The U.S. dollar was on course for a third consecutive weekly gain on Friday, October 2, 2026, even though it slipped slightly that day. In a Reuters report republished by Investing.com, the dollar index stood at 101.93 late Friday, down 0.2% for the session and up about 1% for the week. The euro posted a small daily rebound but remained lower for the week, while the yen strengthened against the dollar.
Those moves describe different time frames and measures: the dollar index tracks a basket of currencies, while the euro and yen figures refer to individual exchange rates. The reports connect the week’s moves to bond yields, economic data and shifting expectations for central-bank policy; they do not establish a reliable forecast or a preferred currency trade.
What the dollar’s three-week winning streak means
The dollar index measures the U.S. currency against a basket of major peers. Reuters’ report republished by Investing.com put it at 101.93 at 15:36 ET (19:36 GMT) on October 2, down 0.2% on the day but up around 1% for the week. That report said the index was poised for its first three-week winning streak since mid-January.
A separate Reuters account that day gave a different snapshot: 102.08, also up about 1% for the week, and described the index as having reached a 17-month high earlier in the reporting window. It called the run the third consecutive weekly gain and said the previous such run was in May 2025. The different figures and historical comparisons come from separate reports and should not be treated as one calculation.
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Why the dollar was supported—and what limited its gains
Reuters reporting linked dollar support to renewed selling in the U.S. bond market and elevated Treasury yields, alongside selling in European government bonds and expectations of a hawkish Federal Reserve stance. The euro’s fall also supported the dollar: a broad index can gain when a major component weakens, even as other exchange rates move differently.
The dollar’s gains were not uninterrupted. Reuters reported that a weaker-than-expected September U.S. jobs report reduced expectations for imminent Fed rate hikes, after which the dollar gave back some gains. The reports describe market interpretations at the time, not a settled outlook for interest rates.
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Why the euro rebounded on Friday but lost ground for the week
Reuters put the euro at $1.1258 on Friday, up 0.1% for the day after its steepest intraday decline since June 17. It was nevertheless down 1.2% for the week and headed for a fourth consecutive weekly loss against the dollar. A modest session bounce does not undo losses accumulated over a longer period.
Inflation and French fiscal concerns
The Reuters report attributed pressure on the euro to French budget and fiscal concerns, rising French borrowing costs and euro-area inflation data. It reported headline euro-area inflation at 3.8% in September, up from 3.2% in August and above its cited 3.6% expectation; core inflation was reported at 2.5%, up from 2.4%. These are figures reported by Reuters on October 2, 2026, rather than independently verified here against the underlying statistical release.
On France, the report said the proposed 2027 budget targeted a public deficit of 5% of GDP through proposed spending cuts of €54 billion. It also reported a projected deficit of 5.4% of GDP for the year and public debt approaching 120% of GDP. These figures reflect the report’s account of the proposal and fiscal outlook.
Thierry Wizman, global FX and rates strategist at Macquarie, interpreted the euro’s earlier plunge as lagging moves in French sovereign-credit indicators. He also said the rise in France’s sovereign risk premium “now likely eliminates the possibility of an October 29 hike from the ECB.” That is a strategist’s opinion, not an ECB decision or certainty.
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Why the yen strengthened
The matching Reuters report put the yen at 157.82 per dollar. It linked the yen’s advance to Tokyo inflation data: both headline and core inflation were reported at their highest levels since November 2025 and still above the Bank of Japan’s 2% target. That strengthened market expectations of further BOJ tightening following a quarter-point rate increase in September.
Japanese government bond yields reportedly fell after touching 30-year highs earlier in the week. The inflation readings and bond-market moves help explain the reported shift in expectations, but they do not guarantee a particular BOJ decision or the yen’s next move.
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How to read this market update
- Check the time frame: Friday’s daily change and the full week’s change can point in opposite directions, as they did for the dollar and euro.
- Check the measure: the dollar index is a basket measure; the euro and yen quotes describe bilateral exchange rates.
- Separate data from interpretation: the reports cite economic and fiscal figures, then describe how traders connected them to policy expectations and currency moves.
- Do not treat a streak as a forecast: these October 2, 2026 figures are a dated market snapshot, not live quotes or evidence of a dependable currency trend.
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