The EU and China understanding was one of the highlights of October, but the China shock rolls on. The economic disruption from China's export drive continues. Even as the Chinese yuan gradually appreciates, the price competitiveness of many Chinese

November 2026 Monthly

Nov 01, 2026, 10:00 AM ETUS Dollar Index (DXY), SP500, SPX

Marc Chandler

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Summary

In October, the greenback rose to new highs for the year against the euro, Canadian dollar, Brazilian real, and Mexican peso.

AI has bolstered activity in other countries, including Japan, China, South Korea, Taiwan, and Mexico, where exports of AI-related hardware have been strong.

Even as the Chinese yuan gradually appreciates, the price competitiveness of many Chinese goods appears to be increasing.

The loss of full-time positions in August and September seemed to dash hopes that the Bank of Canada could hike rates at the end of October and close the historically wide policy gap with the US.

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