This, in turn, has pushed the USD Index (DXY) to 98.60, where better sellers have emerged at the August range highs and the 100-day MA. Those long of USDs will want to see a daily close above 98.80 and below 1.1660 (EURUSD) to see technical momentum build, but that will likely require rates traders to reprice/reduce expectations for a Fed cut in the October FOMC meeting, which is currently implied at 88% probability. With the US government expected to temporarily shut down this week, there is a clear risk that the BLS may not have the capacity to release the September payrolls report—a key input for assessing whether ... (full story)