Weekly Forecast
The EUR/USD pair ends the week with modest losses in the 1.1620 region, having shown little signs of life over the past few days. Financial markets got little to work with amid the continued United States (US) government shutdown and the subsequent lack of macroeconomic releases.
The Pound Sterling (GBP) faced rejection once again on its way to the 1.3500 level when compared with the US Dollar (USD), sending GBP/USD back toward the 1.3300 mark.
Bitcoin (BTC) price reclaims $111,000 mark at the time of writing on Friday, after finding support around the key level earlier this week. The release of the US Consumer Price Index (CPI) data shows that inflation remains sticky, with experts citing the impact of President Donald Trump's tariffs.
The US Dollar (USD) began the week on a firm footing, though its early momentum faded as the days went on. Even so, the US Dollar Index (DXY) managed to close with modest gains around the 99.00 mark, enough to erase the previous week’s pullback and keep alive the recovery from the 2025 valley recorded in mid-September.
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In-Depth Analysis
Tariffs remain one of Trump’s main foreign policy tools, as well as an important source of public finance funding. Beyond the daily churn of breaking news, US tariffs remain firmly in place.
The economic outlook is unusually cloudy at present. On Oct. 1, the federal government shut down as lawmakers failed to pass a bill to fund the government past September. As we go to print, the shutdown continues with a reopening date uncertain.
