{
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    "date": "2025-10-09T11:30:46",
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        "rendered": "FX Today: Markets\u2019 attention shifts to Powell and the US shutdown"
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        "rendered": "<div id=\"post-content-section\">\n<p><em>The US Dollar (USD) climbed further and hit new two-month highs on the back of shutdown concerns and the generalised risk-off theme hovering around the FX galaxy. In the meantime, the <a href=\"https:\/\/www.fxstreet.com\/news\/fed-minutes-to-shed-light-on-rate-cut-path-amid-ongoing-government-shutdown-202510081315\" data-fxs-autoanchor>FOMC Minutes<\/a> delivered a cautious tone in general, although they kept signalling that further rate cuts remain in the pipeline.<\/em><\/p>\n<h2>Here\u2019s what to watch on Thursday, October 9:<\/h2>\n<p>The US <a href=\"https:\/\/www.fxstreet.com\/currencies\/us-dollar-index\" data-fxs-autoanchor>Dollar Index<\/a> (DXY) clocked its third consecutive day of gains, challenging its key 99.00 barrier amid an acceptable rebound in US Treasury yields. The probability of a near-term deal around the US shutdown is nearly zero, so the weekly Initial <a href=\"https:\/\/www.fxstreet.com\/economic-calendar\" data-fxs-autoanchor>Jobless Claims<\/a> will surely be postponed once again. In the meantime, investors are expected to closely follow speeches by Chief Powell and his peers Bowman and Barr.<\/p>\n<p>EUR\/USD maintained its bearish trend and confronted the 1.1600 region, or six-week troughs. Germany\u2019s Balance of Trade results are due, while the ECB will publish its Accounts. In addition, the ECB\u2019s Lane is due to speak.<\/p>\n<p>GBP\/USD dropped below the 1.3400 support on the back of the firmer note in the Greenback. The RICS House Price Balance will only be released across the Channel.<\/p>\n<p>The march north in USD\/JPY remained unabated, sending spot to the boundaries of the 153.00 barrier for the first time since mid-February. The weekly Foreign Bond Investment figures are due seconded by Machine Tool Orders.<\/p>\n<p>Despite the firmer US Dollar, AUD\/USD managed to print humble gains, although a move past the 0.6600 mark remained elusive. The Melboourne Institute will publish its Inflation Expectations survey.<\/p>\n<p>Prices of the american WTI rose further, hitting multi-day highs near the $63.00 mark per barrel as traders continued to digest the smaller-than-expected output hike by the OPEC+ as well as an unexpectedly larger-than-estimated EIA\u2019s weekly build of US crude oil supplies.<\/p>\n<p>There seems to be no stopping for Gold. That said, prices of the yellow metal climbed to the $4,060 region for the first time in its life propped up by steady bets on Fed rate cuts, political uncertainty in France and the widespread risk-off sentiment. Silver prices rapidly faded Tuesday\u2019s hiccup and surpassed the $49.00 mark per ounce for the first time since April 2011.<\/p>\n<\/div>",
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