The market's focus is still on the development of trade negotiations between the United States (US) and China, in addition to the US government shutdown situation that continues to be monitored.
The pressure of the trade war eased slightly when President Donald Trump announced on Wednesday that a long meeting scheduled with President Xi Jinping in South Korea would bring positive results.
Thus, the market saw a re-depreciation of the US dollar in yesterday's New York session trading following the sentiment that has recovered.
Meanwhile, Trump has canceled a meeting with Russian President Vladimir Putin and feels that this is the time to implement sanctions on Moscow.
The Pound currency rose slightly in the New York session following the depreciation of the US dollar, recovering from the pressure from the previous session.
In the European session yesterday, the Pound stole the spotlight with a sharp fall in value in reaction to the latest UK inflation data published.
The target for a price increase did not occur, instead the inflation rate remained at the previous month's level for September, expecting further interest rate cuts by the Bank of England (BOE) at the end of 2025.
The Yen currency was also seen performing poorly with its biggest monthly drop since July.
The Yen fell to a 1-week low against the US dollar after Japan's new Prime Minister, Sanae Takaichi, was preparing an economic stimulus package expected to surpass last year's total of 13.9 trillion yen to help households cope with inflation challenges.
