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The US dollar rose against its peers on Tuesday, to rebound from its 3-week low that hit yesterday.   Investors focused on the corporate business results season for the third quarter, amid expectations improvement from the pandemic impact.   The International Monetary Fund estimated the global GDP to shrink by 4.4% in 2020, but will grow by 5.2% in 2021.   The IMF also warned in its October's report of a slowdown in the global recovery path from the coronavirus impact.   Data showed today that the US consumer price index rose 0.2% in September, on par with economists' forecasts.   The dollar index rose against a basket of currencies by 0.5% to 93.5 points as of 18:37 GMT, after it hit a high of 93.5 and a low of 93.03.

The British Pound fell against the US dollar on Tuesday, after the release of mixed data in the United Kingdom, led by an unexpected increase in the unemployment rate.   The UK's unemployment claims rose 28,100 in September, better than forecasts of 78,800, better than August's reading of 39,500.   However, the unemployment rate rose to 4.5%, worse than forecasts of 4.3% and 4.1% in August.   The average earnings index remained unchanged in September, beating expectations of a drop by 0.6%.   The UK continues to fight the coronavirus pandemic, as daily infections continue to increase amid news of a second wave alongside several other European countries.   As of 21:00 GMT, GBP/USD fell 1% to 1.2938, after hitting a high of 1.3077 and a low of 1.2923.

At 12:30 GMT, the US economy released its reading for the consumer price index for September, which grew by 0.2% as expected, but remains lower than the previous reading of 0.4%.    The core reading (excluding food and fuel prices) grew by 0.2%, also lower than the previous reading of 0.4%,

Share Facebook Twitter LinkedIn Email WhatsApp   The US dollar rose on Tuesday, to consolidate above its 3-week lows, while heading for the first gain in 5 days, as demand for the US currency as the best alternative investment was renewed, ahead of key US data on inflation levels during September.   The dollar index rose 0.3% to 93.27 points, after it opened at 93.03 points, and hit an intraday low of 93.03 points.   The index slipped less than 0.1% yesterday, posting its fourth straight daily loss, after it hit a 3-week low of 93.01 points on the previous day.   The US dollar lost 0.8% during the past week, and posted the second straight weekly loss, due to hopes over an agreement on the US Covid-19 aid package.     The greenback shined as the best alternative investment amid growing doubts about an agreement on a new fiscal aid package in the US, and rising Chinese yuan and expectations about the negative impact of the coronavirus crisis on the world's second largest economy.   Investors are anticipating key economic data releases today on the US inflation levels for September, which delivers insight on the the US economic recovery path.   The monthly consumer prices index reading will be released at 12:30 GMT, with forecasts for a rise by 1.4% in September vs. 1.3% in August, and the core reading for the same index is expected to rise by 0.2% vs. 0.4%.

Euro fell in European trade for another session against dollar away from two-week highs on profit-taking and risk aversion on concerns the yuan might rise and negatively impact China's economic recovery.    EUR/USD fell 0.3% to 1.1778, after closing down 0.2% yesterday, the first loss in four days away from two-week highs at 1.1831.    The common currency rose 1% last week against the greenback, the second weekly profit in a row on higher risk appetite and hopes of US stimulus.    Investors are shunning high-risk currencies this week as doubts returned over US stimulus and whether it can be passed before the November elections.    The yuan is also rising against dollar, in turn hampering recovery with Chinese authorities attempting to weaken it to boost exports.

At 06:00 GMT, the British economy released the average earnings index reading for the three months to August at 0.0%, better than forecasts of a drop by 0.6%, and better than the previous reading of -1%.

At 06:00 GMT, the British economy released the claimant count change reading for September, which rose by 28.1K, better than forecasts of 78.8K, and better than the previous reading of 39.5K after it was revised from 73.7K. This data is positive for the UK's economy.

At 06:00 GMT, the British economy revealed the unemployment rate for the 3 months ending in August rose to 4.5%, worse than forecasts of 4.1%, and worse than the previous reading of 4.3%.

USD/JPY tilted higher in Asian trade off October 5 lows following earlier data from Japan and ahead of US data.    As of 06:54 GMT, USD/JPY rose 0.06% to 105.39, with an intraday high at 105.45.    Earlier Japanese data showed the M2 monet supply index up 9% in September, accelerating from 8.6%, while Bank of Japan Governor Haruhiko Kuroda said earlier the BoJ is still considering its involvement in climate change issues and their impact on business.    From the US, consumer prices are expected up 0.2% in September, slowing down from 0.4%, while core prices are expected up 0.2%.    On a yearly basis, consumer prices are expected up 1.4% in September, while core prices are expected up 1.8%.

The US dollar held steadily on Monday, amid lingering optimism about the second Covid-19 aid package aimed at supporting the world's largest economy.   US President Trump decided last week to stop the second Covid-19 stimulus talks between Republicans and Democrats in Congress until after the presidential election in November.   However, Trump stated that his administration is considering extending the aid package to support to airlines and the paycheck protection program.   On Friday, Trump also proposed to the House Speaker Nancy Pelosi a $1.8 trillion fiscal stimulus package.   The dollar index rose against a basket of currencies by less than 0.1% to 93.08 as of 20:03 GMT, after hitting a high of 93.2 and a low of 93.01.

The Japanese yen rose on Monday, as the US dollar faltered, despite the release of lower-than-expected data in Tokyo.   Government data showed that Japan's producer price index fell by 0.8% in the past month, while expectations indicated a decline of 0.5%.   Earlier Japanese data showed Bank lending fell 5.7% m/m, in September, after rising 6.7% in August   Japan's machine tool orders tumbeld 15% m/m, after falling 23.2% in the previous reading.   Otherwise, Japan alongside other countries are trying to curb the spread of the coronavirus, amid their efforts to develop an effective and safe vaccine.   As of 21:15 GMT, USD/JPY fell 0.3% to 105.3, after hitting a day high of 105.8, and a low of 105.2.

The US dollar held steadily on Monday, amid lingering optimism about the second Covid-19 aid package aimed at supporting the world's largest economy.   US President Trump decided last week to stop the second Covid-19 stimulus talks between Republicans and Democrats in Congress until after the presidential election in November.   However, Trump stated that his administration is considering extending the aid package to support to airlines and the paycheck protection program.   On Friday, Trump also proposed to the House Speaker Nancy Pelosi a $1.8 trillion fiscal stimulus package.   The dollar index rose against a basket of currencies by less than 0.1% to 93.08 as of 20:03 GMT, after hitting a high of 93.2 and a low of 93.01.

The Canadian dollar held steadily against most of its rivals on Monday, despite downward pressures on oil prices, which is a major source for the Canadian government budget.   Data showed on Friday that Canada's employment change index reading for September reached 378,200 new jobs, better than estimates of 150,000, and also better than the previous reading of 245,800 jobs. The unemployment rate fell to 9.0%, better than estimates of 9.8%, and also better than the previous reading of 10.2%.    As of 17:44 GMT, WTI November futures at Nymex fell 2.9% to $39.4 a barrel, after hitting a high of $40.4 and a low of $39.04.   Brent December futures fell 2.7% to $41.6 a barrel, with a high of $42.7 and a low of $41.3.   As of 18:43 GMT, CAD/USD rose less than 0.1% to 0.7627, after hitting a high of 0.7634 and a low of 0.7608.

The US dollar rose on Monday, to consolidate above its 3-week lows, while heading for the first gain in 4 days, as demand for the US currency as the best alternative investment was renewed today, amid growing doubts about an agreement on a new fiscal aid package in the US ahead of the presidential elections.   The dollar index rose 0.2% to 93.24 points, after it opened at 93.06 points, and hit an intraday low of 93.01 points.   The index lost 0.5% on Friday, posting its third straight daily loss, and hit a 3-week low of 93.01 points, as investors focused on high-risk currencies.    The US dollar lost 0.8% during the past week, and posted the second straight weekly loss, due to hopes over an agreement on the US Covid-19 aid package.   The greenback's recovery is thanks to renewed demand, amid risk aversion sentiment and growing doubts about an agreement on a new fiscal aid package in the US.   US President Donald Trump proposed on Friday a $1.8 trillion coronavirus relief package in the ongoing talks with House Speaker Nancy Pelosi, but the latter is sticking to a $2.2 trillion aid proposal.   Trump's proposal was met with opposition from Senate Republicans, many of whom stressed concern about the country's growing debt, and its impact on support for Republicans in the next presidential election.   As the next election draws near, most investors are preparing for Biden winning the US election, which is expected to lift the US dollar and eases the political and trade tensions with China.

Euro fell in European trade against dollar away from two-week highs his on Friday on active profit taking while investors shun risks on doubts over US stimulus.    EUR/USD fell 0.2% to 1.1805, after closing up 0.6% on Friday, marking two-week highs at 1.1831.   Euro rose nearly 1% last week against dollar on higher risk appetite in the markets back then.   The dollar index rose 0.1% on Monday on track for the first profit in four days away from three-week lows at 93.01.    Dollar's rebound came as haven demand climbed on the greenback amid doubts over US ability to deliver new stimulus.    US President Donald Trump presented a financial rescue package worth $1.8 trillion to House Democrats who are still clinging to a $2.2 trillion package.    Trump's proposal aroused opposition from his own Republicans who voiced concerns over the pressure on deficit.    Investors are now betting Democratic nominee Joe Biden will win the next presidential elections, viewing it as a positive developments to reduce tensions with China.

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USD/JPY tilted lower in Asian trade off September 14 highs following earlier data from Japan and amid a lack thereof from the US for a bank holiday.    As of 06:58 GMT, USD/JPY fell 0.21% to 105.48, with the lowest since October 5 at 105.43.    Earlier Japanese data showed producer prices fell 0.2% m/m, compared to a 0.2% rise in August, while falling 0.8% y/y.    Japan's machine orders rose 0.2% m/m, slowing down sharply from 6.3%in July, while tumbling 15.2% y/y.

The Japanese yen rose on Friday against the US dollar, shrugging off the release of disappointing economic data.   This came amid cautious hopes about the possibility of a second aid package in the US to ease the coronavirus impact on the world's largest economy.   Bearing in mind that US President Trump decided to stop the second Covid-19 stimulus talks with Democrats until after the presidential election.   Data showed today that Japan's average income fell 1.3% during September, more than expected of drop by 1.2%, after falling by 1.5%  in the previous reading.   The Japanese household spending index fell 6.9% in September, more than forecasts of a drop by 6.6%.   As of 20:48 GMT, USD/JPY fell 0.4% to 105.6, after hitting a high of 106.05 and a low of 105.5.

The US dollar slumped against most of its peers on Friday, amid optimism about the US fiscal stimulus despite President Donald Trump's decision this week.   US President Trump decided earlier this week to stop the second Covid-19 stimulus talks with Democrats until after the presidential election.   However, Trump stated that his administration is considering extending the aid package to support to airlines and the paycheck protection program.   Federal Reserve Chairman Jerome Powell stressed during an economic forum this week on the need for more fiscal support from the US Congress to support the economy.   The dollar index fell against a basket of currencies by 0.6% to 93.06 points as of 19:54 GMT, after hitting a high of 93.5 and a low of 93.04.

The energy services firm Baker Hughes announced today that the US crude oil drilling rigs count rose 4 rigs to 193 during this week.   While the natural gas rigs fell by 1 to 73 rigs, with the total of oil and gas rigs rising by 3 to 269 rigs.

The Canadian dollar rose against most of its rivals on Friday, after the release of positive jobs data that beat forecasts during September.   The Canadian economy revealed today the employment change reading for September at 378,200 new jobs, better than estimates of 150,000, and also better than the previous reading of 245,800 jobs.    The unemployment rate fell to 9.0%, better than estimates of 9.8%, and also better than the previous reading of 10.2%.    The data indicate a gradual recovery in the Canadian economy from the coronavirus impact, despite concerns about the possibility of a second wave in a many countries.   As of 17:49 GMT, CAD/USD rose 0.6% to 0.7620, after hitting a high of 0.7625 and a low of 0.7574.