The US Dollar extended its recovery to multi-day highs as caution prevailed and US Treasury yields sent mixed signals. The US Dollar Index briefly pushed above 102.00, adding to Friday’s rise before a run of releases including ADP Employment Change, final Building Permits, Durable Goods Orders and New Home Sales, followed by the FHFA House Price Index, the Conference Board’s Consumer Confidence gauge, and the API’s weekly US crude oil inventories report.
G10 Currency Movements
In G10, EUR/USD slipped back below 1.1200 ahead of ECB Loan to Companies/Households data and a speech by President Lagarde, while GBP/USD fell to four-day lows in the 1.3330–1.3320 band with BRC Shop Price Inflation due. USD/JPY rebounded to two-day highs near 157.60, with weekly Foreign Bond Investment figures and Japan’s Consumer Confidence next. AUD/USD remained choppy, with the 0.7000 area containing losses, as Australia’s Inflation Rate is due on 28 October. WTI (December) dipped towards $100.00 per barrel before recovering, while gold moved back above $4,000 per troy ounce.
