UK House Prices Flat in September as Mortgage Rates Weigh 
Gold Prices Rise as Hormuz Tensions Fuel Inflation Risks 
Oil Prices Rise as Gulf Hurricane and Middle East Supply Risks Mount 
Iran Tanker Attacks Surge as Hormuz Oil Flows Near Prewar Levels 
Gold Prices Fall as Fed Signals Another Rate Hike 
France to Release 10 Million Barrels of Diesel to Ease Fuel Prices 
Trump Opens Tax-Exempt Dyed Diesel Access as Fuel Prices Surge 
Deere, CNH and AGCO Stocks Fall as FTC Launches Farm Equipment Probe 
Australia Consumer Confidence Plunges as RBA Rate Hike Hits Households 
Asian Currencies Mixed as Yen Weakens, Dollar Holds Firm 
US Stock Futures Flat as Fed Minutes, Earnings Loom 
US Dollar Hits 18-Month High as Fed Signals More Rate Hikes 
Fed Minutes Signal Another Rate Hike by Year-End 
Oil Prices Rise as Hormuz Risks Offset IEA Stock Release 
Indian Stocks Fall as RBI Hikes Rates to 5.50% 
Japan Real Wages Rise 1.5%, Supporting BOJ Rate Hikes 
Dollar Near 18-Month High as Euro, Yen and Pound Weaken 
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The U.S. dollar edged lower on Thursday, retreating from a two-week high against major currencies, as markets shrugged off President Donald Trump’s latest tariff threats. Risk sentiment held strong, with investors buoyed by optimism that the most severe trade tensions may be avoided.
The Brazilian real was an outlier, plunging as much as 2.8% overnight to 5.6047 per dollar after Trump proposed a 50% tariff on the country—citing both trade concerns and the treatment of former President Jair Bolsonaro, who is currently on trial for attempting to overturn Brazil’s 2022 election results.
Meanwhile, U.S. Treasury yields declined sharply after a robust 10-year note auction, adding pressure on the dollar and calming fears of a broad “Sell America” trend seen earlier in the year. The dollar index dipped 0.1% to 97.286, following a 0.2% drop on Wednesday.
Market enthusiasm extended to equities and crypto. Nvidia (NASDAQ: NVDA) became the first company to hit a $4 trillion valuation, and bitcoin surged to a record high of $111,988.90 before settling around $111,114. Analysts see potential gains toward $120,000 as investor risk appetite grows.
Federal Reserve minutes also bolstered sentiment, showing most policymakers anticipate rate cuts later this year.
In currency markets, the euro rose 0.2% to $1.1747, sterling climbed to $1.3612, the dollar fell 0.3% to 145.84 yen, and slipped 0.3% against the Swiss franc to 0.7922.
While Trump’s letters to trade partners reiterated earlier tariff proposals, countries like India, the EU, and Taiwan were notably absent, raising speculation about behind-the-scenes negotiations. A potential trade deal with India appears imminent, with the EU also nearing an agreement.
