News report 🌐 Macro 🌍 United States

USD Holds Above 103.00 as Nvidia CEO Jensen Huang Resigns Amid Scrutiny

The US Dollar maintains strength above 103.00 ahead of October PPI data, while Nvidia shares face uncertainty following the surprise resignation of CEO Jensen Huang.

📅 November 13, 2026 🕐 1 min read

5 assets impacted (Stocks, Bonds, Forex, Commodities). Net bias: 2 Bullish, 3 Bearish, 0 Neutral. Strongest signal: NVDA ↓ 6/10 (80% confidence).

📊 Affected Assets (5)

NVDA

Bearish 🤖 80%

📅 Short-term 🌍 US · Explicit

News that longtime CEO and co-founder Jensen Huang resigned as CEO amid board scrutiny over several affairs left Wall Street's main indexes under modest bearish pressure after Thursday's opening bell, with US stock index futures marginally lower early Friday. The abrupt departure of the founding CEO is a clear negative for the stock.

Catalysts

▼ Jensen Huang's resignation as CEO amid board scrutiny
▼ US stock index futures marginally lower early Friday

Risk Factors

▲ Index pressure described as only modest so far

US10Y

Bullish 🤖 75%

📅 Short-term 🌍 US · Explicit

The benchmark 10-year yield climbed above 5% on hawkish comments from Fed officials, with Williams stressing that inflation is 'stubbornly persistent and elevated' and Daly flagging a bias toward tightening and comfort with a September hike. Further firm inflation data would keep upward pressure on yields.

Catalysts

▲ US October PPI data on Friday, November 13
▲ Fed officials' tightening bias (Williams 7/10 Speechtracker vs 6.1 baseline)

Risk Factors

▼ Yields already above 5% limit room for further hawkish repricing

USD

Bullish 🤖 70%

📅 Short-term 🌍 US · Explicit

The Dollar Index sits above 103.00, its highest level since April 2025 after a three-day rally, boosted by risk aversion, hawkish Fed speeches from Williams and Daly and the 10-year yield above 5%. October PPI data later Friday is the next catalyst; National Bank of Canada sees further Fed tightening before year-end supporting the Dollar.

Catalysts

▲ US October PPI release by the BLS later on Friday, November 13
▲ Hawkish comments from Fed's Williams and Daly

Risk Factors

▼ A soft PPI print could unwind the three-day rally
▼ Consolidation phase suggests momentum may be stalling

XAU

Bearish 🤖 70%

📅 Short-term 🌍 GLOBAL · Explicit

Gold lost more than 2.5% on Thursday, touching its weakest level since October 2025 near $3,850, pressured by the Dollar's three-day rally and the 10-year Treasury yield above 5% which raise the opportunity cost of holding the metal. It corrects higher on Friday but stays well below $4,000.

Catalysts

▼ 10-year US yield above 5%
▼ Dollar at its highest level since April 2025

Risk Factors

▲ Friday intraday correction higher suggests bargain buying
▲ Risk aversion could revive safe-haven demand

EUR/USD

Bearish 🤖 65%

📅 Short-term 🌍 GLOBAL · Explicit

The pair has lost 0.66% against the Dollar this week and, despite a rebound above 1.1050 in the European session, remains on track for weekly losses. Hawkish Fed rhetoric and a strengthening Dollar keep downward pressure, though Eurozone GDP and trade data Friday could add two-sided risk.

Catalysts

▼ Eurozone September Trade Balance and revised Q3 GDP on Friday
▼ US PPI data later Friday

Risk Factors

▲ Pair is rebounding above 1.1050 in European trade, showing some support

🧭 Full analysis of these assets

🎯 Key Takeaways

The US Dollar Index holds above 103.00, marking its highest level since April 2025.
Nvidia CEO and co-founder Jensen Huang resigned amid board scrutiny over several affairs.
The 10-year US Treasury yield climbed above 5% following hawkish comments from Fed officials Williams and Daly.
Gold dropped more than 2.5% on Thursday, touching its weakest level since October 2025 near $3,850.
EUR/USD remains on track for weekly losses despite a rebound above 1.1050 in the European session.

📝 Executive Summary

The US Dollar Index remains in a consolidation phase above 103.00 following a three-day rally, supported by hawkish Federal Reserve rhetoric and 10-year Treasury yields exceeding 5%. Meanwhile, equity markets face pressure after Nvidia co-founder Jensen Huang resigned as CEO amid board scrutiny, while Gold struggles near $3,850.

❓ FAQ

NVDA · Who resigned at Nvidia?

Longtime CEO and co-founder Jensen Huang resigned as CEO amid board scrutiny over several affairs, according to the report.

US10Y · Why did the 10-year yield cross 5%?

Hawkish speeches from New York Fed's Williams and San Francisco Fed's Daly, who stressed persistent inflation and a bias toward further tightening.

USD · Why is the Dollar strong right now?

Hawkish comments from Fed officials, a 10-year Treasury yield above 5% and risk aversion have pushed the Dollar Index above 103.00, its highest since April 2025.

XAU · Why did Gold drop over 2.5%?

A stronger Dollar and the 10-year Treasury yield rising above 5% increased the opportunity cost of holding Gold, pushing it near $3,850, its weakest since October 2025.

EUR/USD · Is EUR/USD still falling this week?

Yes, the pair is on track for weekly losses despite a Friday rebound above 1.1050.

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