Here’s what you need to know to trade today Tuesday October 10:
Financial markets are mixed early Tuesday as investors keep an eye on headlines around the conflict between Israel and Hamas. The DXY Dollar Index is holding on to small recovery gains slightly above 106.00 following Monday’s pullback, while US stock index futures are trading virtually unchanged at the start of the European session. In the absence of top-level data releases, market participants will pay close attention to speeches from central bankers, including the president of the European Central Bank (ECB), Christine Lagarde.
Dollar Quote Today
Below is the percentage change of the United States Dollar (USD) against the main currencies.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.08% | 0.18% | 0.20% | 0.38% | 0.44% | 0.45% | 0.07% | |
| EUR | -0.08% | 0.10% | 0.12% | 0.29% | 0.39% | 0.35% | -0.02% | |
| GBP | -0.19% | -0.09% | 0.02% | 0.20% | 0.27% | 0.27% | -0.13% | |
| CAD | -0.21% | -0.12% | -0.03% | 0.17% | 0.27% | 0.23% | -0.14% | |
| AUD | -0.38% | -0.31% | -0.21% | -0.18% | 0.10% | 0.06% | -0.33% | |
| JPY | -0.43% | -0.38% | -0.29% | -0.24% | -0.10% | -0.03% | -0.41% | |
| NZD | -0.48% | -0.40% | -0.30% | -0.27% | -0.09% | 0.01% | -0.42% | |
| CHF | -0.03% | 0.05% | 0.15% | 0.18% | 0.36% | 0.41% | 0.40% |
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).
After a bearish opening, Wall Street’s main indices gained ground and closed in positive territory despite the escalation of geopolitical tensions. The moderate comments from Federal Reserve officials They hindered demand for the Dollar during the American session and contributed to improving risk sentiment. Meanwhile, the 10-year US Treasury yield opened lower, below 4.7%, after a three-day weekend.
In a statement released Tuesday, the Israel Defense Forces said dozens of warplanes struck more than 200 targets in Gaza overnight. For its part, the United Nations Relief and Works Agency (UNRWA) reported that Gaza shelters were at 90% capacitywith more than 137,000 people requesting refuge.
During the Asian session, the Chinese real estate developer Country Garden declared that it faced great uncertainty over the disposal of assets and warned that it might not be able to meet its foreign debt obligations. Despite this, Hong Kong’s Hang Seng Index gained almost 1% daily, while the Shanghai Composite lost more than 0.5%.
After starting the week on the wrong foot and losing ground during the European session, the pair EUR/USD rebounded and closed flat on Monday. Early on Tuesday, the pair rises and stabilizes above 1.0550.
He GBP/USD found support after falling towards 1.2150 on Monday and ended the day above 1.2200. During the European morning, the pair loses its recovery momentum and enters a consolidation phase below 1.2250.
The Bank of Japan (BoJ) is considering raising the core Consumer Price Index (CPI) estimate for fiscal year 2023/24 to around 3% from 2.5% forecast in July, the news agency reported on Tuesday. Kyodo, citing some sources with knowledge of the matter. He USD/JPY showed no immediate reaction to this headline and is now trading in positive territory near 149.00.
The price of Gold benefited from safe haven demand and falling US Treasury yields and hit a 10-day high above $1,860 before retreating slightly below that level.
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.
