Spain HCOB Manufacturing PMI below forecasts (53.9) in September: Actual (51.5)

Oct 1, 2025

US Dollar Index (DXY) slides to 97.50, one-week low amid Fed rate cut bets, government shutdown

The US Dollar Index (DXY), which tracks the Greenback against a basket of currencies, remains under some selling pressure for the fourth straight day and drops to a one-week low heading into the European session on Wednesday.

EUR/GBP keeps wavering below 0.8750 with Eurozone inflation data on tap

The Euro continues to trade in a choppy and volatile manner within a tight range, with 0.8750 capping upside attempts and bears contained above 0.8715 so far, as markets await the release of Eurozone inflation data for further clues about the ECB’s rate path.