Forex News
Financial & Forex Weekly Recap: September 28 – October 2, 2026
Rising Treasury yields pushed the dollar to a three-month high while gold slid and stocks stalled. Did Friday’s weak U.S. jobs report loosen that grip on markets?
Treasury yields set the pace this week. The 10-year climbed to its highest level since 2002, Iran headlines whipsawed oil, and the Dollar Index gained 0.8% as traders weighed the odds of another Fed hike. Friday's jobs report missed forecasts with 29,000 new jobs, and the dollar cooled for a few hours before yields recovered.
Gold lost 2.8%, the S&P 500 finished flat, Bitcoin ended 0.2% lower, and WTI crude dropped 3%. The Aussie took its own hit after the Reserve Bank of Australia raised rates but sounded less eager to keep going.