Here’s what you need to know to trade today Monday October 2:
Financial markets were steady during the Asian session on Monday amid low volume conditions, with markets in China, Hong Kong and India closed for holidays. In the second half of the day, the survey ISM Manufacturing PMI September will appear on the US economic agenda. Market participants will also pay close attention to comments from Federal Reserve officials, including the chairman Jerome Powell.
See: ISM Manufacturing PMI Preview: Industrial Construction Boom Will Boost the Dollar
Over the weekend, the US Congress approved a provisional funds bill to avoid a government shutdown. With this agreement, the previous budget will be extended for 45 days and the Government will have funds until November 17. Reflecting the positive impact of this event on risk sentiment, US stock index futures are trading in positive territory in the European morning. Meanwhile, the DXY Dollar Index consolidates the previous week’s gains around 106.00 and the 10-year US Treasury bond yield fluctuates around 4.6%.
Quote of the US dollar today
The following table shows the percentage change of the United States Dollar (USD) against the main currencies.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | -0.14% | -0.07% | -0.02% | 0.31% | 0.10% | -0.09% | -0.46% | |
| EUR | 0.14% | 0.04% | 0.12% | 0.44% | 0.24% | 0.06% | -0.33% | |
| GBP | 0.08% | -0.06% | 0.08% | 0.38% | 0.16% | -0.01% | -0.39% | |
| CAD | 0.02% | -0.14% | -0.02% | 0.31% | 0.10% | -0.08% | -0.44% | |
| AUD | -0.31% | -0.45% | -0.38% | -0.33% | -0.21% | -0.39% | -0.79% | |
| JPY | -0.10% | -0.22% | -0.16% | -0.10% | 0.20% | -0.17% | -0.55% | |
| NZD | 0.09% | -0.06% | 0.03% | 0.08% | 0.39% | 0.17% | -0.37% | |
| CHF | 0.45% | 0.32% | 0.36% | 0.44% | 0.76% | 0.55% | 0.37% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen in the left column, while the quote currency is chosen in the top row. For example, if you choose the euro in the left column and scroll down the horizontal line to the Japanese yen, the percentage change that appears in the box will represent EUR (base)/JPY (quote).
Data from China showed early Sunday that the Caixin manufacturing PMI fell to 50.6 in September from 51.0 in August. Besides, services PMI fell to 50.2 from 51.8 in the same period. He AUD/USD showed no immediate reaction to these figures due to the Labor Day holiday in Australia and is now trading in a tight range above 0.6400. During the Asian session on Tuesday, the Reserve Bank of Australia (RBA) to announce monetary policy decision. The RBA is expected to keep the official rate unchanged at 4.1%.
After a quiet Asian session, the pair EUR/USD gained ground during the European morning and approached 1.0600. Eurostat will publish the August unemployment rate later in the session.
He GBP/USD It closed virtually unchanged on Friday, although it had suffered heavy losses the previous week. The pair managed to find a foothold at the start of the new week and is now trading slightly higher on the day above 1.2200.
He USD/JPY opened bullish and moved towards the critical level of 150.00 during the Asian session on Monday. Japanese Finance Minister Shunichi Suzuki repeated that they are watching currency movements cautiously. The pair retreated slightly, but remained above 149.50 during the European morning. Similarly, Japanese Chief Cabinet Secretary Hirokazu Matsuno said they were “closely watching currency movements with a high sense of urgency.”
The price of Gold It began the week under modest bearish pressure and fell to its lowest level since early March, near $1,840.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
