US Dollar Forecast: Fed Speeches, Trade Balance Data Loom; Gold, GBP/USD, EUR/USD Outlook

LONDON (October 8) The US dollar is poised for fluctuations as investors await a series of Fed speeches and economic data, including trade balance figures. Gold remains steady, hovering near $2,642, as the yellow metal’s price is closely tied to dollar movements.

The NFIB Small Business Index and RCM Economic Optimism report could impact market sentiment. Meanwhile, Fed officials, including Bostic, Collins, and Jefferson, are set to speak throughout the day, providing insight into future monetary policy.

Any hawkish or dovish comments could influence both the dollar and gold’s trajectory in the short term.

FXEmpire