The dollar index is down -0.02% after Fed Governor Bowman’s dovish comments. The US Q2 current account deficit was smaller than expected at -$251.3 billion. Chicago Fed President Goolsbee said the Fed is mildly restrictive. Markets expect a -25 bp rate cut at the next FOMC meeting. EUR/USD is down by -0.03% due to weaker Eurozone PMI data. The Eurozone Sep S&P manufacturing PMI fell to 49.5. Swaps price in a 2% chance of an ECB rate cut. USD/JPY is down by -0.01% as yen remains stable. December gold and silver prices are up, hitting contract highs due to dovish Fed comments and safe-haven demand. Precious metals continue to receive support from fund buying of ETFs.

Read more at Yahoo Finance: Dollar Weaker and Gold Posts a Record High on Dovish Fed