Here’s what you need to know on Tuesday, October 8:
There is a cautious tone in the markets on Tuesday as investors wait for the next batch of macroeconomic data releases. U.S. economic data will include the NFIB Business Optimism Index for September and the RealClearMarkets/TIPP Economic Optimism Index for October. The US Bureau of Economic Analysis will also release goods trade balance data for August. Several Federal Reserve (Fed) policymakers are scheduled to deliver speeches later in the US session.
PRICE in US dollars Last 7 days
The table below shows the percentage change of the US Dollar (USD) against the major listed currencies over the last 7 days. The US dollar was strongest against the New Zealand dollar.
| USD | EUR | GBP | JPY | BOOR | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 1.37% | 2.34% | 2.91% | 0.85% | 2.80% | 3.79% | 0.92% | |
| EUR | -1.37% | 0.95% | 1.49% | -0.51% | 1.41% | 2.37% | -0.46% | |
| GBP | -2.34% | -0.95% | 0.56% | -1.45% | 0.44% | 1.42% | -1.38% | |
| JPY | -2.91% | -1.49% | -0.56% | -1.97% | -0.08% | 0.88% | -1.90% | |
| BOOR | -0.85% | 0.51% | 1.45% | 1.97% | 1.93% | 2.91% | 0.07% | |
| AUD | -2.80% | -1.41% | -0.44% | 0.08% | -1.93% | 0.96% | -1.84% | |
| NZD | -3.79% | -2.37% | -1.42% | -0.88% | -2.91% | -0.96% | -2.75% | |
| CHF | -0.92% | 0.46% | 1.38% | 1.90% | -0.07% | 1.84% | 2.75% |
The heat map shows the percentage changes of the major currencies relative to each other. The base currency is selected from the left column and the quote currency from the top row. For example, if you select the US dollar from the left column and move along the horizontal line to the Japanese yen, the percentage change displayed in the box will represent USD (base)/JPY (quote).
The National Development and Reform Commission (NDRC), China’s state planner, said on Tuesday that downward pressure on China’s economy was increasing. “The Chinese economy faces more complex domestic and external conditions,” the NDRC noted. After the main Wall Street indexes closed the first day of the week in deep negative territory on Monday, at the beginning of Tuesday the prices of futures contracts on US stock indexes fell slightly, reflecting the bad mood. Meanwhile, US Dollar (USD) The index continues to move sideways near 102.50 after seeing no movement in either direction on Monday.
Data from Germany showed that industrial production increased by 2.9% month-on-month in August. This reading followed a decline of 2.4% recorded in July and was better than market expectations of 0.8%. EUR/USD is trying to take advantage of the confident data and is trading slightly higher during the day below 1.1000.
In the minutes of its September policy meeting, the Reserve Bank of Australia (RBA) said board members discussed options for cutting interest rates and added: “All scenarios of lowering, maintaining and increasing rates are conceivable given the significant uncertainty around the economic outlook. ” During a speech at the Walkley Foundation, RBA Deputy Governor Andrew Hauser noted that the RBA will act in line with policy once inflation is no longer high and sticky. After reporting gigantic losses on Monday, AUD/USD During Tuesday’s Asian session, prices continued to fall. At the time of publication, the pair was trading at its lowest level since mid-September, below 0.6730.
Japan’s Economy Minister Ryosei Akazawa said on Tuesday that real wages falling for the first time in three months was not good news. Akazawa further stated that the Japanese government will create an environment in which real wages will continue to rise. USD/JPY it did not react to these comments and was last seen hovering in a narrow channel around 148.00.
GBP/USD in the second half of the day they fell amid risk aversion and ended the day below 1.3100. At the beginning of Tuesday, the pair will have difficulty making up for the losses.
Gold on Monday, it reported modest losses for the fourth straight day. XAU/USD is lagging and is trading below $2,640 in Europe on Tuesday morning.
