Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
RBA Raises Interest Rates by 25 Basis Points as Inflation Pressures Persist 
Japan Economy Poised for Q4 2025 Growth as Investment and Consumption Hold Firm 
Bank of Canada Holds Interest Rate at 2.25% Amid Trade and Global Uncertainty 
Oil Prices Slip as U.S.–Iran Talks Ease Supply Disruption Fears 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
South Korea’s Weak Won Struggles as Retail Investors Pour Money Into U.S. Stocks 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Not many economic dockets scheduled for today but some with high volatility risks associated.
Data released so far:
- Australia: National Australia Bank’s business confidence rose to 5 in the third quarter. Full time employment declined by 53,000 and part time employment grew by 43,200. So net employment declined by 9,800. Unemployment rate came at 5.6 percent.
Upcoming:
- Germany: Producer price index for September will be released at 6:00 GMT.
- Switzerland: Trade balance for September will be released at 6:00 GMT.
- Eurozone: Current account for August will be released at 8:00 GMT. ECB will announce interest rate decision at 11:45 GMT, followed by press conference at 12:30 GMT.
- United Kingdom: Retail sales for report for September will be released at 8:30 GMT.
- United States: Weekly jobless claims report will be published at 12:30 GMT, followed by existing home sales report at 14:00 GMT. EIA will report on weekly natural gas inventories at 14:30 GMT.
- Auctions: Spain will auction 10 year bonds today.
