The dollar index is up by +0.39% due to yen weakness and supportive US trade news. US MBA mortgage applications fell -5.2%, with the average 30-year fixed rate rising to 6.37%. The Aug trade deficit shrank to -$59.6 billion. Markets are pricing in a 47% chance of an FOMC rate cut in December.

EUR/USD is down by -0.23% as the dollar strengthens. Central bank divergence supports the euro. Swaps price in a 4% chance of an ECB rate cut in December. USD/JPY is up by +0.68% as the yen hits a 9.75-month low due to dovish comments and concerns over Japanese debt.

Japanese Sep core machine orders rose +4.2% m/m, exceeding expectations. Markets discount a 15% chance of a BOJ rate hike in December. December COMEX gold and silver prices are up, with gold and silver rallying due to demand as a store of value amid central bank buying and geopolitical risks. Central bank demand for gold remains strong, impacting prices. Long liquidation pressures have weighed on precious metals after reaching record highs.

Read more at Yahoo Finance: Dollar Climbs on Yen Weakness