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The US dollar strengthened amid a technology-led equity selloff and spillover into defensive stocks, with gains preceding Friday’s stronger-than-expected payrolls report. ING said the rally may be vulnerable to a correction if risk aversion does not persist, particularly as lower short-term US rates could weigh on the currency.
If risk sentiment improves, the dollar could give back some gains; continued risk aversion would support demand for the currency.
think.ing.comFrancesco Pesole, Frantisek Taborsky, Chris TurnerNov 9, 2026After 359 past neutral macro events, US Dollar (Broad) moved a median -0.0% over 5 sessions (49% higher; middle half -0.4% to +0.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
