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The US CPI rose 3.7% year-on-year in September, exceeding market expectations of 3.6%, and rose 0.3% month-on-month, marking the largest increase in nearly five months. Following the data release, market expectations for a Federal Reserve rate hike in October rose to 33%. This news was positive for the US dollar.
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IEA Monthly Report: Global oil supply will decline by 5.8 million barrels per day in 2026; global diesel supply shortages will continue into next year. This is a negative factor for crude oil.
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The US plans to charge fees for ships docking in Spain and restrict olive oil imports. This news is positive for the US dollar.
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