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Hello everyone, today XM Forex will bring you "[XM Forex]: A collection of good and bad news affecting the foreign exchange market". Hope this helps you! The original content is as follows:
The U.S. dollar index fell: The U.S. dollar index fell 0.57% to 98.84, hitting a four-month low near a four-month low. Most non-U.S. currencies rose. The EURUSD rose 0.51% to 1.1623, the GBP/USD rose 0.44% to 1.3361, the USD/JPY fell 1.27% to 151.1590, the USD/CAD fell 0.15% to 1.4002, and the USD/CHF fell 0.90% to 0.7991. The weakening of the US dollar has caused the relative appreciation of other currencies, providing support for non-US currencies in the foreign exchange market.
Canadian employment data is improving: Canada added 60,400 new jobs in September, edoyoko.compared with expectations of 5,000, and the unemployment rate remained stable at 7.1%. Full-time positions increased by 106,100, offsetting a decrease of 45,600 part-time jobs, and the employment participation rate rose to 65.2%, indicating a significant recovery in the labor market. Good employment data usually enhances the attractiveness of the country's currency, and the Canadian dollar is expected to strengthen as a result.
Optimization of the "Swap Connect" mechanism: Starting from October 13, 2025, the China Foreign Exchange Trading Center will optimize the "Swap Connect" operating mechanism and increase the daily edoyoko.com limit to 45 billion yuan. This measure can facilitate foreign investors to use interest rate swaps to manage risks, increase the willingness of foreign investors to allocate RMB assets, and is conducive to the stability and internationalization of the RMB.
The "suspension" of the U.S. government continues: The "suspension" of the U.S. federal government has entered its 11th day, and its impact on the public is increasingly apparent. Although President Trump said he has ordered the Secretary of Defense to use all available funds to pay military salaries during the shutdown, the government shutdown may still have a negative impact on the U.S. economy, which in turn affects the trend of the dollar.
American EconomicThe economy is at risk of recession: Moody's Analytics warned that about 22 states in the United States are in recession or on the verge of recession. If economic weakness spreads from small, manufacturing-focused states to larger states like California or New York, the U.S. economy as a whole could slip into recession. The expected economic recession will weaken the market's confidence in the US dollar and put downward pressure on the US dollar.
British entrepreneurs’ confidence is low: A survey by the British Chamber of edoyoko.commerce shows that due to rising concerns about taxes and inflation, entrepreneur confidence continues to be sluggish. Only 48% expect future turnover growth, and 25% of edoyoko.companies have cut investment, mainly due to rising costs and uncertainty in the business environment. This could impact UK economic growth and the performance of the pound.
The yen is facing depreciation pressure: The yen fell to an eight-month low. Japanese Finance Minister Katsunobu Kato said that the recent sharp decline in the yen against the US dollar was a "one-sided violent fluctuation" and that excessive fluctuations and disorderly trends in the foreign exchange market will be fully monitored. Takeuchi Ton, the former head of foreign exchange at the Bank of Japan, said that if the yen depreciates sharply to 160 yen per dollar, intervention may be carried out. Market concerns about the future of the Japanese yen have increased, and the pressure on the Japanese yen to depreciate has increased.
Trade tensions have escalated: China recently announced the implementation of export controls on rare earth-related items, and the United States subsequently threatened to impose 100% tariffs on China. The Ministry of edoyoko.commerce responded that "frequently threatening high tariffs is not the right way to get along with China." In addition, China will also charge special port fees on U.S.-related ships as a response to the new round of U.S. tariff measures. The escalation of trade tensions may trigger risk aversion in the market and affect the trend of related currencies, such as the yuan and the US dollar.
The above content is all about "[XM Foreign Exchange]: Collection of good and bad news affecting the foreign exchange market". It is carefully edoyoko.compiled and edited by the editor of XM Foreign Exchange. I hope it will be helpful to your trading! Thanks for the support!
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