FX markets

Daily Market View 08/10/2025

Listen to this daily briefing

1:31

Gold rockets as US shut down,
French Gov collapse bolsters flight to saftey

1 Minute Market Rundown

Gold rallies to $4,000 an ounce for first time in history as fractious global market increases flight to risk safe assets
Dollar index rallies to 10 week high as USD also benefits from risk off rally, despite ongoing government shutdown
Euro continues to suffer even as French PM Lecornu says all is not yet lost

USD-

Often, the value of the United States Dollar and the price of Gold move inversely, usually anticipating each others movements, with USD holders selling and running it all into Gold to protect from inflation and instability.

Screenshot 2025-10-08 090030

With the US government shutdown preventing the release of any major US data points, all we really have to focus on for the moment is the French situation, leaving little places to run for the Euro.

The difference in yield between French and German bonds is widening, traditionally a bearish signal for the single currency, which is continuing to soften in the early hours of this morning.

Markets Today

*Please be aware the below rates represent the market rate at 8:00 AM, contact your Caxton dealer on check online for a live quote

Today's Economic Calendar

Major Economic Releases

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