The US dollar remains dominant
Fiat currencies returned to their established trends, with the dollar tracking higher alongside rising bond yields.
The dollar index (DXY) once more reached a new high for 2023, surpassing 106.80. Both GBP and EUR/USD experienced declines of over 0.5% in the first week of October. EUR/USD has now displayed more significant downward movement, breaching the 1.0500 mark with greater certainty.
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