SGE LIVEEURUSD 1.1157 ▲ +0.3%USDJPY 158.60 ▼ 1.5%GBPUSD 1.3211 ▼ 0.2%XAUUSD 4,198.00 ▲ +0.2%BTCUSD 82,529.00 ▲ +2.2%ETHUSD 3,210.00 ▲ +0.2%SPX 7,807.00 ▲ +2.1%SGE LIVEEURUSD 1.1157 ▲ +2%USDJPY 158.60 ▼ 1%GBPUSD 1.3211 ▲ +1.1%XAUUSD 4,198.00 ▼ 0.7%BTCUSD 82,529.00 ▲ +1%ETHUSD 3,210.00 ▲ +1.5%SPX 7,807.00 ▼ 1%

What’s Actually Driving the Dollar? A Data Check

October 6, 2026 · Forex News

With the dollar up sharply again and the commentariat split between “US exceptionalism” and “global dollar shortage,” it’s worth stepping back and checking what the data actually supports. Factor one: the rate gap (still the main engine) The US–Germany two-year yield spread remains the single best explanatory variable for EUR/USD, and it has moved relentlessly […]

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