Morning Briefing — Friday, October 16, 2026
The Australian dollar was the only major currency to lose ground against the US dollar on Thursday, closing at 0.6920, its lowest New York close in 67 trading days, after official data showed Australia shed about 39,000 jobs in September.
Markets
| Instrument | Last | Change | 20-day range |
|---|---|---|---|
| Currencies | |||
| EUR/USD | 1.12121.1149 – 1.1241 | -0.07% | 26% |
| GBP/USD | 1.32811.3183 – 1.3278 | +0.04% | 54% |
| USD/JPY | 157.94157.55 – 158.33 | -0.04% | 70% |
| USD/CHF | 0.82680.8264 – 0.8350 | -0.98% | 40% |
| AUD/USD | 0.69240.6894 – 0.6980 | +0.05% | 12% |
| NZD/USD | 0.56070.5586 – 0.5634 | +0.25% | 23% |
| USD/CAD | 1.41931.4169 – 1.4239 | +0.05% | 73% |
| USD/CNH | 6.69026.6883 – 6.6970 | +0.01% | 5% |
| Dollar index | 102.03 | +0.04% | — |
| Precious metals | |||
| Gold | 4,171.814,099.73 – 4,177.43 | +0.02% | 32% |
| Silver | 57.23 | -0.30% | — |
| Crypto | |||
| Bitcoin | 82,02179,800 – 82,634 | +1.25% | 29% |
| Ether | 2,438.282,318.00 – 2,465.31 | +3.18% | 25% |
Change since the previous close; crypto over 24 hours. Under each price: yesterday's low and high to the New York close. The 20-day gauge places the latest price between its 20-day low (left) and high (right). Indicative prices, 04:25 UK.
Rates and risk
| Instrument | Last | Change |
|---|---|---|
| Government bonds | ||
| US 2-year | 4.750% | -6 bp |
| US 10-year | 5.080% | 0 bp |
| German 10-year | 3.410% | -6 bp |
| UK 10-year | 5.361% | -4 bp |
| Equities, oil and VIX | ||
| S&P 500 | 7,739 | n/a |
| Nikkei 225 | 65,497 | +1.66% |
| Brent | 105.39 | -0.50% |
| VIX | 16.00 | n/a |
Yields in percent, with the day's change in basis points. Change since the previous close.
Overview
Thursday was a broad dollar retreat with one exception. Treasury yields fell, with the 10-year down 9 basis points to 5.10% on the US Treasury's daily curve, and every major currency except the Australian dollar gained, led by the Swiss franc with its largest daily gain since August 19 on our measured closes, while gold added 1.61%. A much hotter US producer price print did not change that direction. Today's data calendar carries nothing above Tier 3, so the overnight remarks from Fed Chair Warsh in Bangkok, the last scheduled before the Fed's quiet period, are the reference point for the session.
