Daily Market Update

Tight ranges for the Buck as markets steady

October 22, 2025

The U.S. Dollar is trading in mostly quiet ranges ahead of inflationary figures from September out on Friday.

Overview

Without reports and data as the U.S. government shutdown continues, equities are holding on to headlines about optimism over China-U.S. relations getting less frosty and any improvements in peace talks for the Eastern front. A meeting between Russia’s leader Vladimir Putin and U.S. President Trump is no longer scheduled, but over on the European side there is hope that both parties want to achieve a ceasefire and get on a negotiations table.

Meanwhile, Gold prices started to dwindle, falling by 12.0% as the rally it simultaneously enjoyed with stocks has started to fade. While data points remain muted, not much can affect FX flows other than surprises over the wire. Thus far, October may end up a recovery period for the Buck similar to howe July played out after the Dollar experienced its worst 6-month run since it has been tracked (1973).

 

What to Watch This Week…

The complete Economic Calendar can be found here.

 

EUR ⇑

The Euro is looking weakened after four straight days of losses to the U.S. Dollar. Mixed stocks and no particular indicators of improvement have weighed on the shared currency regardless of confidence from European Central Bank officials. We shall see how ECB President Christine Lagarde addresses the troubles in her home nation and how the ECB views the financial environment.    

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