US dollar
The dollar inched higher on Thursday as rising coronavirus cases and limited progress towards a U.S. stimulus deal unsettled investors.
France has imposed curfews as autumn brings a steep rise in infections, and the fear is that a new wave of lockdowns could stall the global recovery just as hopes for U.S. stimulus before the Nov. 3 election are fading.
EUR/USD is taking clues from the rise of Eurozone coronavirus cases and the additional restrictions across the old continent, currently trading below 1.1750, off the highs.
GBP/USD is struggling to hold onto 1.30 as EU leaders discuss Brexit talks. While the UK is not abandoning the negotiating table, reports that the EU is toughening its stance are weighing on the pound.
USD/JPY trades close to an intraday high near 105.30, bouncing off from the earlier lows.
Oil prices edged lower Thursday, retreating slightly despite a larger-than-expected draw in U.S. crude supply amid worries about the rising number of coronavirus cases and the impact this could have on demand.
Gold fell in morning trade, with the dollar strengthening as investors looked to the safe-haven currency against the increasing likelihood of no U.S. COVID-19 relief measures being in place before the Nov. 3 U.S. elections
Looking ahead, Brexit talks will be a key focus over the next two days with little else on the agenda from Europe to distract from that. Later, in the US session, the release of regional manufacturing indices and the initial weekly jobless claims will be closely watched alongside with ECB’s President Lagarde speech at 16:00 GMT.