Forex Today: Focus now shifts to the US labour market and real economy

This stability came amid a slowdown in the rally of US yields, ongoing uncertainty ahead of the US election, and anticipation of key US data releases. Here is what you need to know on Wednesday, October 30: The US Dollar Index kept its inconclusive price action in the low-104.00 against the backdrop of a widespread cautious trade in the global markets.

GBP/USD was the outperformer in the risk complex amidst rising expectations ahead of the release of the Autumn Budget on Wednesday. USD/JPY maintained its trading range in the area of recent multi-week highs, although further gains remained limited by the 154.00 region. Japan’s Consumer Confidence gauge will be released. Further concerns around China continued to weigh on the Aussie Dollar, sending AUD/USD to new two-month lows near 0.6550.

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