Here is what you need to know on Wednesday, October 11: The US Dollar (USD) continued to weaken against its rivals on Tuesday, with the US Dollar Inde
x closing the fifth straight day in negative territory. Producer Price Index data for September will be featured in the US economic docket and several Federal Reserve officials will be delivering speeches. Market participants will continue to pay close attention headlines surrounding the Israel-Hamas conflict. Finally, the Fed will release the minutes of the September policy meeting.
Minutes Preview: Reinforcing higher for longer. Dovish comments from Fed policymakers and the improvement seen in risk mood made it difficult for the USD to find demand on Tuesday. Wall Street main indexes closed in postive territory and the benchmark 10-year US Treasury bond yield closed the late little changed at 4.65%. In the European morning, 10-year yield holds steady near Tuesday's closing level and US stock index futures trade flat.
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