Sticky US CPI data and hawkish comments from Fed officials lent extra support to the Greenback on Thursday prior to the release of further inflation metrics at the end of the week.
Here is what you need to know on Friday, October 11:
The US Dollar Index (DXY) rose past the 103.00 barrier to reach new two-month highs as market participants adjusted to rising bets of a 25 bps rate cut in November. The US inflation will remain at the centre of the debate with the release of Producer Prices seconded by the preliminary Michigan Consumer Sentiment and speeches by the Fed’s Goolsbee and Bowman.
The downside pressure in EUR/USD gathered extra pace, briefly sending the pair to the sub-1.0900 support. Final Inflation Rate in Germany takes centre stage seconded by Current Account results.
Extra gains in the Greenback prompted GBP/USD to extend its leg lower and trade just pips away from the key 1.3000 support. Interesting day on the UK docket with the releases of GDP figures, Goods Trade Balance, Industrial Production, Manufacturing Production, Construction Output, and the NIESR Monthly GDP Tracker.
USD/JPY partially faded Wednesday’s marked advance soon after hitting new highs around 149.50. Next on tap on the Japanese docket will be the Industrial Production figures on October 15.
AUD/USD outperformed its risky peers and advanced modestly after five consecutive daily pullbacks. The Westpac Leading Index and the speech by the RBA’s Hunter are due on October 16.
WTI prices rose sharply on the back of persistent geopolitical concerns and hopes of a demand recovery in China and the US.
Prices of Gold reversed a multi-day negative streak and regained the $2,630 region per ounce troy after briefly bottoming out near $2,600. Silver prices left behind three consecutive daily losses and posted a robust bounce past the $31.00 mark per ounce.
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

AUD/USD climbs above 0.6200 amid broad USD weakness and trade jitters
The Australian Dollar extended its advance on Thursday, climbing toward the 0.6240 zone. The pair built on recent strength as the US Dollar Index slid further toward multi-month lows near the 101 area. This move came after markets digested the White House’s confirmation of a steep 145% tariff on Chinese goods, combined with a cautious Federal Reserve tone.

EUR/USD surges higher as tariff walk-back eases tensions further
EUR/USD roared into its highest bids in nearly two years on Thursday, breaching and closing above the 1.1200 handle for the first time in 21 months. Market tensions continue to ease following the Trump administration’s last-minute pivot away from its own tariffs, sparking a softening in US Dollar flows.

Gold rises to record high near $3,200 on US-China tariff war
Gold price surges to near an all-time high around $3,190 during the early Asian session on Friday. The weakening of the US Dollar and escalating trade war between the United States and China provide some support to the precious metal.

Bitcoin miners scurry to import mining equipment following Trump's China tariffs
Bitcoin miners are reportedly scrambling to import mining equipment into the United States following rising tariff tensions in the US-China trade war, according to a Blockspace report on Wednesday.

Trump’s tariff pause sparks rally – What comes next?
Markets staged a dramatic reversal Wednesday, led by a 12% surge in the Nasdaq and strong gains across major indices, following President Trump’s unexpected decision to pause tariff escalation for non-retaliating trade partners.

The Best brokers to trade EUR/USD
SPONSORED Discover the top brokers for trading EUR/USD in 2025. Our list features brokers with competitive spreads, fast execution, and powerful platforms. Whether you're a beginner or an expert, find the right partner to navigate the dynamic Forex market.