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US Dollar jumps with Fed Dudley and US data driving Greenback higher amidst geopolitical turmoil
The US Dollar gains further after former NY Fed President Dudley commented on Fed rate cut path. Reports are coming in from explosions being heard
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Fed’s Barkin: 50 bps cut warranted as rates were out of sync with decline in inflation
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Falls below 1.3300 on risk-off mood
GBP/USD declines by over 0.50%, on sour sentiment due to Middle East tensions. UK Manufacturing PMI expanded but slowed, while US ISM Manufacturing PMI improved
Dallas Fed September manufacturing index -9.0 vs -9.7 prior
Output (production) -3.2 vs +1.6 prior New orders -5.2 vs -4.2 prior Employment +2.9 vs -0.7 prior Outlook -6.4 vs -9.6 prior Prices paid for