{"id":51062,"date":"2025-10-09T11:30:46","date_gmt":"2025-10-09T04:30:46","guid":{"rendered":"https:\/\/hbbgroup.net\/fx-today-markets-attention-shifts-to-powell-and-the-us-shutdown\/"},"modified":"2025-10-09T11:30:46","modified_gmt":"2025-10-09T04:30:46","slug":"fx-today-markets-attention-shifts-to-powell-and-the-us-shutdown","status":"publish","type":"post","link":"https:\/\/hbbgroup.net\/zh\/fx-today-markets-attention-shifts-to-powell-and-the-us-shutdown\/","title":{"rendered":"FX Today: Markets\u2019 attention shifts to Powell and the US shutdown"},"content":{"rendered":"
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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 FOMC Minutes<\/a> delivered a cautious tone in general, although they kept signalling that further rate cuts remain in the pipeline.<\/em><\/p>\n

Here\u2019s what to watch on Thursday, October 9:<\/h2>\n

The US 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 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

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

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

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

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

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

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>","protected":false},"excerpt":{"rendered":"

The US Dollar (USD) climbed further and hit new two-month highs on the back of shutdown concerns and the generalised […]<\/p>","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51062","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"acf":[],"_links":{"self":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/51062","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/comments?post=51062"}],"version-history":[{"count":0,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/posts\/51062\/revisions"}],"wp:attachment":[{"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/media?parent=51062"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/categories?post=51062"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hbbgroup.net\/zh\/wp-json\/wp\/v2\/tags?post=51062"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}