The dollar index is slightly up by +0.06% due to a 2.5 bp rise in the 10-year T-note yield and Fed Chair Powell’s comments. Bearish factors include weak US manufacturing PMI and dovish statements from Fed Governor Miran. Markets predict a 66% chance of a 25 bp rate cut in December. Eurozone PMI remains steady at 50.0. Precious metals prices see support after a sharp sell-off in October. Gold prices were boosted by global central bank purchases in Q3. The ongoing US government shutdown and geopolitical risks offer safe-haven support for precious metals.

Read more at Yahoo Finance: Dollar Sees Support as T-note Yields Rise