FX Today: US Dollar hits 17-month high, RBA minutes and Fed speaking, up next

Buyers are stepping in and keeping the US Dollar (USD) bid due to safe-haven demand, as the resumption of hostilities in the Middle East and the exchange of strikes between Russia and Ukraine have pushed energy prices higher.

Gold tumbles as Oil shock fuels US Dollar rally and Fed hike bets

Gold (XAU/USD) price drifts lower by about 1.49% on Monday as the Greenback gains ground amid escalating hostilities in the Middle East, pushing energy prices higher and increasing the likelihood of higher interest rates globally.

South Korean Won: Uptrend seen resuming against US Dollar – Societe Generale

Societe Generale strategists note that the recent USD/KRW bounce stalled around 1390 and the pair is now testing the lower end of its consolidation, suggesting the broader downtrend may resume.

WTI hits two-week high Middle East tensions overshadow Russian diesel supplies

West Texas Intermediate (WTI) Oil reverses course on Monday and climbs to a two-week high as doubts over a Russia-Ukraine energy ceasefire and supply concerns in the Middle East keep a geopolitical premium in energy markets.

Chinese Yuan: Gradual appreciation with trade pressures – MUFG

MUFG’s Lee Hardman notes the Chinese Renminbi has outperformed the Euro against the Dollar, with USD/CNY hitting a year-to-date low near 6.6900. PBoC’s lower daily fixes have supported trade‑weighted CNY gains.

ESMA gives EU crypto firms three months to unwind non-MiCA stablecoin exposure

ESMA has told national regulators to make MiCA-licensed firms resolve EU clients' exposure to non-compliant stablecoins within roughly three months, by about 8 January 2027.

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Circle’s USDC earnings are really a bet on US interest rates

Circle's Q2 2026: USDC moved $14.8 trillion on-chain, up 151% year over year, yet 95% of Circle's $701.3 million revenue came from reserve interest, mostly US Treasuries.

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Bitcoin breaks key support as macro bond rout drags crypto lower

Bitcoin fell to $82,734 on Bitstamp on 7 October 2026, its lowest of the month, as US 10- and 30-year yields hit 24-year highs and Brent crude reached $102 on Iran's Strait of Hormuz warnings.

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FinCEN withdraws proposed $10,000 crypto private-wallet reporting rule

FinCEN has withdrawn its 2020 proposal requiring reports on $10,000-plus crypto transfers to unhosted wallets and a 2023 mixer rule, in a deregulatory move.

The post FinCEN withdraws proposed $10,000 crypto private-wallet reporting rule appeared first on Forex Crunch.

TD Securities urge caution on OKXICE tokenised stock filing

TD Securities see limited near-term institutional relevance for OKXICE's plan to tokenize more than 60 US stocks including Nvidia and Tesla, warning the five-year SEC relief may deter large firms.

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