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Related tickers and likely impact
DXY
• NeutralRelevance: low
| Market | Currencies |
|---|---|
| Close on 10/21/2026 | 101.70 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- US jobless claims fell to 194 , 000 last week , lowest since July
US jobless claims fell to 194,000 last week from 200,000 the week before, the fewest in three months, a sign that layoffs remain low. Claims have not topped 230,000 in any single week this year, and the four-week average dipped to 197,750. Despite higher energy prices since the fighting with Iran began on Feb. 28, the job market has held up, with a “low-hire, low-fire” pattern as hiring remains sluggish. The unemployment rate ticked up to a still-low 4.2% last month. Employers have added an average of 68,000 jobs a month this year, up from 9,700 in 2025 but below 166,000 in 2023–2024 and 491,000 during the 2021–2022 rebound.
- US Dollar Price Forecast: UK Jobs Surprise, DXY Tests 101.76 as EUR/USD, GBP/USD Firm
The dollar steadied after a two-day losing streak, while French political turmoil pushed the French 10-year bond yield near 5%, its highest level since 2002. Odds of an October rate hike fell to about 17%, while December hike bets rose to 94%. UK unemployment fell to 4.7% for June to August, the lowest in a year, though pay growth slowed to 3.7%. The Dollar Index at 101.79 is testing support at 101.76 below a descending trendline, with RSI at 41 pointing to weak momentum. GBP/USD at 1.3349 keeps a bullish bias above 1.3302, while EUR/USD at 1.1227 faces resistance near 1.1270.
- The number of Americans filing for jobless aid remains at historically low levels
Initial jobless claims for the week ending October 10 rose by 1,000 to 199,000, and the four-week average edged up to 198,500, signaling that layoffs remain historically low; claims have stayed below 220,000 so far this year. Total claims for the week ending October 3 fell by 4,000 to 1.71 million. The job market is described as 'low-hire, low-fire': unemployment ticked up to 4.2% last month, and employers added just 29,000 jobs in September, down from 133,000 in August and below forecasts. Concerns remain that higher borrowing costs and energy-driven inflation could push businesses to cut jobs, and Kroger said it will cut about 3,000 corporate roles over three years.
- Sectors dig in to weather nation job market slowdown
Australia's unemployment rate rose to 4.7% in September, a five-year high, according to the Australian Bureau of Statistics. Joblessness jumped 0.4 percentage points in NSW and stayed above five per cent in Victoria, while Western Australia fell to a relatively low 4.2%, with job ads rising more there than elsewhere, according to Seek chief economist Blair Chapman. He suggested this may reflect higher commodity prices, as gas and gold prices support the mining and energy sectors. Employment growth has remained relatively strong despite weaker consumer confidence and higher interest rates, though consumer-facing hiring slowed between April and June. Randstad data showed 36% of Australian workers were looking for or had taken on a second job to cope with living costs, while demand for HVAC technicians rose 249% amid the data centre boom.
- PPI, Retail Sales Jump, Claims Stay Resilient
September producer prices rose 1.3% month over month, more than double the expected 0.6%, and climbed 6.3% year over year, the highest since January 2023 and above the 5.5% analysts expected. Core PPI rose 0.7% monthly, with trade margins expanding significantly, driven largely by AI infrastructure buildouts and freight costs. Retail sales increased 0.8% in September versus 0.4% expected, with gas stations up 6.4%, and 0.9% excluding autos. Initial jobless claims were 199K, and continuing claims fell to 1.710 million. Empire State manufacturing rose to 25.5 against 10.3 expected, while the Philly Fed index slipped to 20.9 from an expected 32.
- Dollar Pauses as Five Central Banks Prepare Rate Decisions
The U.S. dollar steadied in Asia as traders weighed differing rate expectations ahead of five central-bank decisions next week, with AI spending seen possibly keeping U.S. growth firm and policy restrictive. Reuters reported markets expect the Fed, ECB and Bank of Japan to hold rates, while increases are anticipated in Canada and New Zealand, though these are market expectations rather than official decisions. The Fed raised its target range by 25 basis points to 3.75%-4.00% on Sept. 16 and meets Oct. 27-28, when traders expect no change before a possible increase in December. UK consumer price inflation rose to 3.5% in September from 3.1% in August, while New Zealand's annual inflation eased to 3.7% in the September quarter from 4.1% but stayed above the 1%-3% target band, and Canada's rose to 3.1% from 3.0%. Reserve Bank of Australia deputy governor Andrew Hauser said oil prices, AI-related demand and domestic capacity limits are inflation risks.
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Meta Platforms (META) shares fell about 6% on Thursday as investors grew anxious over negative cash flow from heavy AI-related capital spending. In the quarter, free cash flow turned negative at $2.12 billion, and the company raised the floor of its full-year capex forecast from $130 billion to between $135 billion and $145 billion. The cost of insuring against default on Meta's five-year credit default swaps hit an all-time high, and the company announced a new nonvoting Class C stock to preserve founder-led governance. Filings show CEO Mark Zuckerberg had considered leaving California if a proposed wealth tax passed, but he said he will stay in the state after the new stock class is implemented. On Stocktwits, retail sentiment was bullish, retail chatter rose about 400%, and the stock is down about 2% year to date.
- Moderna shares plunge after leak of partial cancer vaccine data despite positive results
Moderna shares fell as much as 25% on Thursday after partial data from its cancer vaccine developed with Merck leaked ahead of the full results, which were released later that day. The full data appeared positive relative to Wall Street expectations: the personalized vaccine intismeran autogene, combined with Keytruda, reduced the risk of recurrence or death in certain melanoma patients by 42% versus Keytruda alone, and cut the risk of distant spread or death by 38%. Detailed phase 3 results will be presented at the European Society for Medical Oncology conference this weekend. Investors view the vaccine as a possible breakthrough that could extend to other cancers, and the stock has spiked more than 530% this year on high expectations.
- Meta has big plans for its Muse AI agent
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