Dollar Firm, Oil Hits New High as Tariff Uncertainty Lingers

The US dollar is generally firmer against major currencies, but its gains are modest. The Australian and Canadian dollars are exceptions to this trend, though their increases are minor. One notable aspect of the current market situation is the resilience of the Canadian dollar in the face of looming US tariffs.

October WTI crude oil prices have reached a new high for the month, topping $85. Meanwhile, bond markets continue to experience downward pressure, and stock sell-offs are becoming more widespread.