Here is what you need to know on Monday, October 7: The US Dollar (USD) Index rose more than 2% in the previous week and registered its largest one-week gain of 2024.
Here is what you need to know on Monday, October 7: The US Dollar Index rose more than 2% in the previous week and registered its largest one-week gain of 2024. The index stays in a consolidation phase at around 102.50 in the European morning on Monday. Later in the session, Eurostat will publish Retail Sales data for August. In the second half of the day, Consumer Credit Change for August will be the only data featured in the US economic docket.
After rising more than 1% on Friday, USD/JPY edges lower early Monday and trades below 148.50. Gold registered small losses in the previous week despite the broad USD strength as the precious metal capitalized on safe-haven demand. XAU/USD stays on the back foot to start the week and trades in negative territory below $2,650.
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