Good Morning ,

Here’s a quick look at today’s economic news and market activity:

• US CPI inflation printed above the consensus in September …
• Against this backdrop, US rate expectations initially firmed …
• However, they softened again amid some dovish Fed remarks and concerns regarding the AI-sector …
• Initially, the dollar was in the ascendancy as US rates hardened …
• Overnight though, the greenback has handed back most of its gains …
• EUR/USD opens today just above $1.12 …
• GBP/USD is near the midpoint of $1.32-1.33 …
• Today, the AI/tech-sector will be in focus …
• Remarks from Fed Chair Warsh and others will also warrant some attention …

All rates quoted are indicative market rates.