Usd index hits fresh year‑to‑date high in market overview
ITF Team3 min read
Usd index reaches 103.08 on 11/12/2026 as Nvidia slides 10% and oil jumps on Trump comments, while silver falls below $55.
Key takeaways
- Usd index rose to 103.08 on 11/12/2026, a fresh year‑to‑date high.
- Nvidia shares dropped 10% to $156 after CEO Jensen Huang resigned.
- Oil prices surged after President Donald Trump said a U.S.‑Iran deal was unnecessary.
- Silver slipped below $55 as real yields climbed.
The global market mood on 12 Nov 2026 was shaped by a stronger U.S. dollar, a sharp sell‑off in Nvidia, and renewed oil price volatility after fresh comments from President Donald Trump. The dollar index (DXY) hit a fresh YTD high of 103.08, while equities and commodities reacted to the ripple effects of these headline moves.
Currencies and central banks
The DXY’s rise to 103.08 reflects growing bets that the Federal Reserve will keep rates higher for longer, even as the Bank of Canada shows a more dovish stance. The USD/CAD pair held near a one‑month high, with the RSI around 66 indicating strong buying interest. Meanwhile, the New Zealand dollar steadied around 0.5550 against the dollar after a two‑day reversal, suggesting that the recent USD rally may be pausing.
Fed‑related data later today – core PPI and headline PPI – are expected to be high impact, potentially reinforcing the dollar’s momentum if inflation pressures remain elevated. Market participants will also listen to ECB President Christine Lagarde’s remarks at 19:30 UTC for clues on euro‑zone policy direction.
Gold and other metals
Gold struggled to stay above the $4,000 level, with higher real yields and a firm dollar eroding its recent gains. Silver faced a sharper pull‑back, falling below $55 as rising real yields outweighed the long‑term supply deficit that usually supports the metal. The five‑year deficit remains, but the price is now more sensitive to yield movements than to inventory constraints.
The metal weakness dovetails with broader risk aversion triggered by Nvidia’s plunge and the oil market’s mixed signals, reinforcing the dollar’s safe‑haven appeal.
Read also: Bitcoin ETFs outflows hit $1.44 bn in five days, November 2026
Crypto and blockchain developments
In Asia, Thailand’s securities regulator announced a proposal to cap stablecoin deposits and withdrawals at $148,000 per day, requiring users to hold their own wallets. The move aims to curb systemic risk while still allowing retail participation in digital assets.
Elsewhere, the crypto sector saw a stark contrast: ARK’s research director highlighted that 2026 hack losses have already topped $8.7 billion, exceeding projected on‑chain revenue. At the same time, smaller layer‑1 chains such as Zilliqa, Gnosis and Ronin are gravitating toward Ethereum due to higher security and liquidity costs on independent networks. Wall Street’s DTCC also signalled it will bring tokenised stocks and treasuries to Solana in 2027, expanding the tokenisation ecosystem.
Equities and oil
Nvidia’s shares plunged 10% to $156 after co‑founder Jensen Huang abruptly resigned as CEO, president and board member. CFO Colette Kress was named interim CEO, sending the broader tech index lower and pulling U.S. futures down. The shock reverberated through European markets, where a mixed equity session saw some gains offset by the tech sell‑off.
Oil prices jumped after Trump reiterated that the United States does not need a deal with Iran, reigniting concerns over Middle‑East shipping risks. At the same time, U.S. distillate inventories fell, keeping WTI and Brent near their 200‑day moving averages despite strong crude output. The dual pressure of geopolitical tension and tight fuel supplies created a volatile backdrop for energy traders.
Key calendar events for the next 24 hours
- 19:30 UTC – ECB President Christine Lagarde speaks – medium impact
- 13:30 UTC – USD Core PPI m/m – high impact
- 13:30 UTC – USD PPI m/m – high impact
Frequently asked questions
Why did the usd index reach a fresh year‑to‑date high on 12 Nov 2026?
The usd index climbed to 103.08 as market participants priced in higher‑for‑longer interest‑rate expectations for the fed, while diverging monetary stances between the fed and the bank of canada boosted demand for the dollar.
What caused Nvidia shares to drop 10%?
Nvidia fell 10% to $156 after founder Jensen Huang resigned as president, chief executive and board member, with CFO Colette Kress taking over as interim CEO, prompting a broad tech sell‑off.
How are stablecoins affected by Thailand’s new proposal?
Thailand’s securities regulator proposed a daily cap of $148,000 on both stablecoin deposits and withdrawals and will require users to hold their own wallets, aiming to limit systemic risk while still permitting retail usage.
Official data sources
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This article is compiled from international market news for information only. It is not investment advice.