Gold Prices Rise as Oil Slump Eases Fed Rate Hike Fears 
Gold Drops Over 1% as Dollar, Treasury Yields Surge on Fed Rate Hike Bets 
Oil Prices Extend Losses as U.S.-Iran Talks Ease Supply Fears 
FxWirePro- Crypto Weekly Alpha: ETF Rebounds, L2 Rallies & Key Resistance Levels 
Physicists zoom into the birth of cosmic rainstorms with new CERN study 
South Korea, US Discuss Warship Building Cooperation 
Europe can’t achieve space sovereignty alone. Here’s why 
US Dollar Hits Two-Month High as Fed Rate Hike Bets Rise 
Gold Prices Rise as Oil Slide Eases Fed Rate Hike Fears 
US, China Extend Trade Truce to Jan. 10 Ahead of Trump-Xi Summit 
Oil Prices Tumble on U.S.-Iran Diplomacy Hopes, Supply Relief 
Wall Street Surges as Meta Leads AI Rally, Oil Prices Fall 
Add as a preferred source on Google
The Canadian dollar weakened significantly after weaker-than-expected inflation data, with a notable drop in headline CPI to 1.6% influenced by falling gasoline prices. The inflation below the BOC target of 2% increased the chance of a 50 bpbs rate cut by the Bank of Canada at its October 23 meeting.
In contrast, the British pound found support from mixed labor market data, with the unemployment rate falling to 4%, while wage growth slowed. This situation presents a balanced outlook regarding a potential rate cut from the Bank of England (BoE) in November, with market attention now turning to the forthcoming UK CPI data.
Germany's ZEW Economic Sentiment index rose from 3.6 to 13.1 in October, exceeding expectations. Despite a drop in the Current Situation Index, optimism is driven by stable inflation, anticipated ECB rate cuts, and positive signals from key export markets, including China's economic stimulus measures.
Yesterday, the Canadian dollar was the weak performer followed by the Australian and New Zealand dollar. The uncertainty over Chinese policy and fresh stimulus package weighing on AUD and NZD.
