[MARKET UPDATE] DXY continues to extend its haven bid, now towards session highs of 98.52; EUR/USD briefly dipped below 1.1700; USD/JPY towards peaks at 157.21
Newsquawk Staff ·
DXY continues to extend its haven bid, now towards session highs of 98.52; EUR/USD briefly dipped below 1.1700; USD/JPY towards peaks at 157.21.
What it means
The DXY's continued ascent reflects increasing demand for the dollar as a safe haven, particularly as geopolitical or economic uncertainties may be influencing market sentiment. The movement of EUR/USD dipping below 1.1700 and USD/JPY approaching 157.21 may indicate a stronger dollar narrative, which could impact broader risk sentiment and commodity prices, including gold.
- Israel exit poll shows Israeli PM Netanyahu's coalition wins 50 seats, opposition wins 52 seats and Arab-led parties win 18 seats
- Israeli election exit poll: Netanyahu bloc 55 seats; opposition bloc 49; Arab parties bloc 16, i24NEWS reports
- Netanyahu’s Likud Party to be largest in Knesset, reports Channel 12 Exit Poll; no clear winner in Israeli election
- CRUDE WRAP: WTI (Z6) SETTLES USD 1.86 LOWER AT 99.90/BBL; BRENT (F7) SETTLES USD 1.33 LOWER AT 109.41/BBL
- Iranian President Pezeshkian and Russian President Putin discussed energy cooperation and trade
Related headlines
- Russian refineries’ crude processing up 25% since drone attacks stopped in mid-October, according to reports, citing sources6 hours ago
- Iranian President Pezeshkian, at a meeting with Russian President Putin, says there is no point in hoping for the US to resolve problems in the Middle East6 hours ago
- Russian President Putin says he discussed the situation in the Middle East one-on-one with Iranian President Pezeshkian and it is a reason for concern, according to Russian press6 hours ago
- Israeli PM Netanyahu requests extension of voting in the legislative elections until after 10pm6 hours ago
- Russian Foreign Minister Lavrov says the Ukraine conflict is likely to continue and will likely escalate. Leaders of Finland and Norway raised no new proposals.7 hours ago
- Russian Deputy PM Novak says domestic refineries are bringing units back online very quickly following maintenance. Russia and the US could begin cooperating on Arctic LNG projects7 hours ago
- US President Trump says the US will officially ban the term "AI/Artifical Intelligence", due to inaccuracy 6 hours ago
- US President Trump says believes I will visit tanker in Texas with Venezuela oil; thinks Secretary of State Rubio will be with him; we are going to accept 1mln bbls of Venezuelan oil6 hours ago
- US President Trump on Truth says "Consumer Confidence is up 7.5%, an extremely big rise"7 hours ago
- US President Trump posts "Congratulations to Lorne Doerkson on his Big Victory. Conservatives are moving strong in Canada!"7 hours ago
- US EQUITY OPEN: Indices in the green as Tech sector outperforms as earnings continue8 hours ago
- Russian President Putin holds bilateral meeting with Iranian President Pezeshkian6 hours ago
- Atlanta Fed GDPnow Model (Q3): 3.5% (prev. 3.4%)6 hours ago
- PREVIEW: Federal Reserve Rate Decision due Wednesday, October 28th at 18:00GMT/14:00EDT6 hours ago
- Baker Hughes (BKR) Q3 (USD) EPS 0.70 (exp. 0.64), rev. 8.03bln (exp. 7.78bln)1 hour ago