Here is what you need to know on Monday, October 9:
Investors seek refuge to start the week as geopolitical tensions escalate after Israel formally declared war against the Palestinian Hamas group. The US Dollar Index opened with a bullish gap and was last seen trading in positive territory below 106.50. Although bond markets in the US will remain closed in observance of the Columbus Day holiday, the New York Stock Exchange and the Nasdaq Stock Market will operate at regular hours. Reflecting the risk-averse market environment, US stock index futures were last seen losing between 0.5% and 0.6%.
US Dollar price today
The table below shows the percentage change of US Dollar (USD) against listed major currencies today. US Dollar was the strongest against the Australian Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.23% | 0.23% | -0.07% | 0.28% | -0.01% | 0.10% | 0.20% | |
| EUR | -0.26% | -0.01% | -0.31% | 0.03% | -0.26% | -0.14% | -0.04% | |
| GBP | -0.23% | 0.01% | -0.29% | 0.02% | -0.25% | -0.15% | -0.02% | |
| CAD | 0.06% | 0.30% | 0.29% | 0.33% | 0.05% | 0.16% | 0.28% | |
| AUD | -0.28% | 0.01% | 0.00% | -0.29% | -0.25% | -0.15% | -0.05% | |
| JPY | 0.00% | 0.25% | 0.25% | -0.03% | 0.25% | 0.08% | 0.23% | |
| NZD | -0.08% | 0.16% | 0.16% | -0.14% | 0.15% | -0.09% | 0.12% | |
| CHF | -0.21% | 0.05% | 0.04% | -0.25% | 0.06% | -0.21% | -0.11% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
According to the latest reports, Israeli military has deployed about 100,000 reserve troops near Gaza, while fighting continues in at least three areas in southern Israel. At least 700 people have died after Hamas fired a barrage of rocket from Gaza Strip over the weekend.
Sentix Investor Confidence Index for October will be the only data featured in the European economic docket. In the second half of the day, several Federal Reserve policymakers are scheduled to deliver speeches.
EUR/USD started the week in negative territory and continued to stretch lower in the European morning. At the time of press, EUR/USD was down 0.4% on the day at 1.0545.
After closing the third straight day in positive territory on Friday, GBP/USD turned south on Monday and declined below 1.2200.
Crude Oil prices surged higher and the barrel of West Texas Intermediate jumped above $87 before retreating slightly below $86, where it was still up nearly 4% on a daily basis. Despite the broad-based USD strength, USD/CAD holds steady at around 1.3650 early Monday as the commodity-sensitive Canadian Dollar benefits from rising oil prices.
The Japanese Yen's safe-haven status helps it stay resilient against the USD on Monday, with USD/JPY fluctuating in a tight channel slightly above 149.00.
Gold opened with a bullish gap and was last seen rising more than 1% on the day at $1,852.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD extends recovery beyond 1.0400 amid Wall Street's turnaround
EUR/USD extends its recovery beyond 1.0400, helped by the better performance of Wall Street and softer-than-anticipated United States PCE inflation. Profit-taking ahead of the winter holidays also takes its toll.
GBP/USD nears 1.2600 on renewed USD weakness
GBP/USD extends its rebound from multi-month lows and approaches 1.2600. The US Dollar stays on the back foot after softer-than-expected PCE inflation data, helping the pair edge higher. Nevertheless, GBP/USD remains on track to end the week in negative territory.
Gold rises above $2,620 as US yields edge lower
Gold extends its daily rebound and trades above $2,620 on Friday. The benchmark 10-year US Treasury bond yield declines toward 4.5% following the PCE inflation data for November, helping XAU/USD stretch higher in the American session.
Bitcoin crashes to $96,000, altcoins bleed: Top trades for sidelined buyers
Bitcoin (BTC) slipped under the $100,000 milestone and touched the $96,000 level briefly on Friday, a sharp decline that has also hit hard prices of other altcoins and particularly meme coins.
Bank of England stays on hold, but a dovish front is building
Bank of England rates were maintained at 4.75% today, in line with expectations. However, the 6-3 vote split sent a moderately dovish signal to markets, prompting some dovish repricing and a weaker pound. We remain more dovish than market pricing for 2025.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.