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1.1265: Euro hits yearly lows amid high Oil prices, rising US yields and debt woes
The Euro (EUR) extends losses for the fourth consecutive day against the US Dollar (USD), reaching levels below 1.1300 for the first time since May 2025.
US Treasuries: Long-end selloff extends to multi-decade highs – Deutsche Bank
Deutsche Bank’s Jim Reid describes severe stress in US Treasuries, with 10-year and 30-year yields pushing to post-2000s highs despite dovish PCE revisions.
Gold: Upside capped by real yields – UOB
According to UOB Global Economics & Markets Research, Gold spot eased to close at $4,157 per ounce after earlier trading as high as $4,219. Elevated real yields continue to limit bullion’s upside, leaving Gold softer despite broader macro uncertainty and strong moves in other commodities. The report underscores how higher US yields are constraining precious metals.
EU trade: Strategic linkages and rare earths – Rabobank
RaboResearch Global Economics & Markets highlights how the European Union is reshaping trade policy, including linking market access for Thai canned tuna to EU-caught fish and forging a new partnership with Canada on firefighting and critical minerals.
US Dollar: Fed repricing and inflation data steer path – Deutsche Bank
Deutsche Bank’s Early Morning Reid notes that softer US PCE revisions reduced expectations for an October Fed hike, even as the Dollar Index edged higher.
Dow Jones futures decline as markets weigh on rising US yields
Dow Jones futures decline by 0.42% to trade near 51,060 during European hours on Thursday. Meanwhile, S&P 500 futures gain by 0.09% to trade around 7,720, while Nasdaq 100 futures rise 0.51% to trade near 30,850.
Central banks: Political economy pressures build – Rabobank
Rabobank’s RaboResearch Global Economics & Markets discusses rising political scrutiny of central banks. The report argues central banks are a key pillar of the political economy facing potential role changes.
Silver price today: Silver broadly unchanged, according to FXStreet data
Silver prices (XAG/USD) broadly unchanged on Thursday, according to FXStreet data. Silver trades at $60.48 per troy ounce, broadly unchanged 0.10% from the $60.42 it cost on Wednesday.
United States Challenger Job Cuts dipped from previous 52.881KÂ to 43.281K in September
United States Challenger Job Cuts dipped from previous 52.881KÂ to 43.281K in September
US Dollar: Fed-backed strength holds near yearly highs – ING
ING’s Chris Turner notes the Dollar remains strongly supported, with the DXY index near its highs for the year as solid US activity data reinforces the Federal Reserve’s hawkish stance. He highlights resilient consumer spending, signs of accelerating payrolls and expectations for firm ISM readings.
Japanese Yen: USD/JPY rises as October BoJ hike bets fade – MUFG
MUFG’s Lee Hardman reports the Japanese Yen has weakened about 0.5% against the US Dollar, lifting USD/JPY to 158.44, after the Bank of Japan’s (BoJ) Summary of Opinions disappointed expectations for an October rate hike.
France 10-y Bond Auction came in at 4.93%, above forecasts (0%)
France 10-y Bond Auction came in at 4.93%, above forecasts (0%)
Euro: French spread widening threatens EUR/USD range – ING
ING’s Chris Turner flags that EUR/USD has been driven to yearly lows mainly by a hawkish reassessment of Federal Reserve policy, but warns French OAT‑Bund spread widening is an emerging concern.