The dollar index is up by +0.44% at a 1-week high after French Prime Minister Lecornu resigned, weakening the euro, and pro-stimulus Sanae Takaichi won Japan’s election. The ongoing US government shutdown is bearish for the dollar, with a 95% chance of a -25 bp rate cut at the next FOMC meeting. EUR/USD is down by -0.37%, affected by French political turmoil. Precious metals are surging due to the US shutdown, French unrest, and Japan’s new leadership. Fund buying of precious metal ETFs is also supporting prices. The Fed may keep cutting rates, with a 95% chance of a cut in October.

Read more at Yahoo Finance: Dollar Rallies on Euro and Yen Weakness