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US dollar rises in global trade during Columbus Day

Treasury trading paused as geopolitical oil tensions support higher interest rate expectations.

El Fondo Newsdesk
El Fondo NewsdeskAutomated market news
·1 min

The US dollar rose across most of the world's most liquid markets on Monday, October 12. Trading volume was reduced due to the Columbus Day holiday in the United States.

Trading across US stock exchanges operated normally, while transactions in US Treasury bonds were halted for the session.

Geopolitical fears pushed oil prices higher, reinforcing expectations of prolonged inflation and elevated interest rates, which helped keep the currency strong.

Share prices can rise and fall. Past performance does not guarantee future results. This article is news, not investment advice.

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