30 Sep 2025
USD softer, Gold makes new record high – Scotiabank
The US Dollar (USD) is tracking lower overall against the major currencies as last week’s bid tone fades and traders look ahead to this week’s risk events, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
USD eases as markets fret over shutdown and NFP risks
"US lawmakers are holding talks today to try and agree on a short-term funding deal that will avert a government shutdown. The Trump administration has indicated that thousands of government workers would be fired if the federal government does shutdown. Meanwhile, the next encounter with the key data point of the moment—the Non-Farm Payrolls report—is looming. The consensus call (currently) is for a 50k gain in jobs this month and a steady unemployment rate at 4.3%."
