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Dollar Index stalls under its high as the Fed's hawks repeat themselves
Four sessions after its highest level since April 2025, the Dollar Index hasn't got back to it. The index trades near 102.25 and has made a lower high in each session since Wednesday.
US President Trump says Putin agrees to supply millions of tons of diesel
On Friday, US President Donald Trump said he spoke with Russian President Vladimir Putin, who agreed to immediately supply over 300K tons of diesel fuel to the US and the global market, add 500K tons for November, and deliver 1 million tons “immediately thereafter.”
Silver Price Forecast: Bullish engulfing pattern puts $64 in sight
Silver (XAG/USD) price rallies over 2.80% on Friday as buyers buy the dip at $59.17, pushing the white metal above $60.00 to hit a two-day high of $61.19. At the time of writing, XAG/USD trades at $60.86.
Singapore Dollar: MAS tightening but gains constrained – OCBC
OCBC’s Christopher Wong notes that Singapore Dollar (SGD) has held relatively steady despite a firmer US Dollar (USD) and higher Oil prices, with MAS tightening expectations underpinning the S$NEER. USD/SGD trades near recent highs with intact bullish momentum.
Gold reclaims $4,200 as weak US sentiment revives bullion demand
Gold (XAU/USD) price advances more than 1.40% on Friday, capitaliszng on a dip in US Treasury yields and a softer Greenback, as recent US data suggests households are becoming pessimistic about the economy, while investors seem confident that the Federal Reserve (Fed) will stay pat on rates.
Japanese Yen struggles as wide US-Japan yield gap weighs
USD/JPY trades with a positive bias on Friday as the Japanese Yen (JPY) underperforms across the board following a sharp decline in Japanese government bond yields.
Chinese Yuan: PBoC stance and valuation debate guide currency path – MUFG
Halpenny highlights a new PBoC document defending China’s FX policy and rejecting claims that CNY drives its trade surplus, instead pointing to manufacturing competitiveness. He notes BIS REER data showing a 20% fall from the 2022 peak and IMF estimates of 12–20% undervaluation, suggesting CNY is undervalued but only partly explains China’s export strength.
United States Baker Hughes US Oil Rig Count rose from previous 456 to 462
United States Baker Hughes US Oil Rig Count rose from previous 456 to 462
Asia FX: Trade negotiations and resilient macro backdrop – MUFG
MUFG’s Michael Wan highlights a mixed global backdrop for Asian currencies, with US Treasuries rallying and the US Dollar (USD) somewhat weaker, while tech stocks decline. He notes resilient Asia macro data, including strong Taiwan exports and South Korea’s current account.
Singapore: Policy slope tightening view – DBS
DBS Group Research expects the Monetary Authority of Singapore to slightly increase the SGD NEER policy band slope at the October review, while keeping the width and centre unchanged. The team, led by Taimur Baig, anticipates calibrated tightening driven by import cost pressures and resilient growth, alongside strong Q3 2026 GDP supported by AI-led trade and financial sector strength.
Canada loses 68.3K jobs and the Loonie falls to an 18-month low
Canada lost 68.3K jobs in September against a forecast for a 7K gain, and with August's 41.7K loss it has given back all of its net job gains for 2026.
British Pound holds ground as US Consumer Sentiment deteriorates
The Pound Sterling (GBP) holds firm against the US Dollar (USD) on Friday, which posts modest gains against a basket of six currencies, while US consumers grow pessimistic about the economy as the US-Iran conflict drags on for another week.
France: Budget politics and market testing – Rabobank
Rabobank's Senior Economist Maartje Wijffelaars assesses French budget negotiations starting next week in Parliament, noting protests and reluctance for austerity. She highlights Le Pen’s preference for a bad budget over none and possible use of Article 49.3.