Dollar Rises Amid Increasing Bond Yields

Dollar Index Movement: The dollar index is up by +0.07%, supported by a rise in US existing home sales to a 7-month high and higher T-note yields, although gains are limited by the ongoing US government shutdown.

Eurozone Consumer Confidence: The euro has slightly increased after the Eurozone's consumer confidence indicator unexpectedly rose to an 8-month high, despite pressure from a stronger dollar and political issues in France.

Yen Decline: The yen fell to a 1.5-week low against the dollar due to concerns over the new Japanese Prime Minister's potential less hawkish monetary policy and rising T-note yields.

Precious Metals Rally: Gold and silver prices have rebounded sharply, driven by sanctions on Russian oil producers, rising inflation expectations, and safe-haven demand amid the US government shutdown and geopolitical risks.