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.
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