October 7, 2026 11:23 PM GMT Global Macro Commentary | North America October 7: Dollar Gains, Bonds Diverge Higher oil and Middle East tensions supported USD; Fed minutes stayed hawkish; strong 10y auction checked the Treasury sell- off; French fiscal stress widened OAT spreads; RBI hiked 25bp; DXY at 102.27 (+0.4%); US 10y at 5.28 (+0.4bp). Higher energy prices and European fiscal concerns supported the dollar and pressured risk assets, while strong demand at the US 10y auction reversed part of the earlier ...