This morning's market is defined by a softer U.S. dollar, which has fallen to its weakest point since late last month on optimism that Washington is progressing toward a deal to reopen the federal government. This has fueled a risk-on tone ahead of the Tuesday holiday, with global equities, futures, gold, oil, and Bitcoin all trading firmer. In currency markets, the Euro is modestly higher, while the Japanese yen is underperforming as a safe-haven unwind overshadows hawkish Bank of Japan commentary and ongoing policy uncertainty. Looking ahead, the focus will be on delayed U.S. economic indicators, including inflation gauges like the Consumer Price Index, alongside Eurozone industrial production and the second estimate of third-quarter gross domestic product.
