Core Insights - The dollar index rose by +0.09% as concerns over the credit quality of US regional banks eased, with loan fraud allegations appearing contained [1] - Easing US-China trade tensions, following President Trump's comments on tariffs, positively impacted global growth prospects and the dollar [1] - Dovish comments from St. Louis Fed President Alberto Musalem regarding potential interest rate cuts limited dollar gains [2][3] Dollar Performance - The dollar recovered from a 1.5-week low, supported by higher T-note yields which strengthened interest rate differentials [1] - The ongoing US government shutdown poses a bearish outlook for the dollar, with potential economic impacts if prolonged [2] Euro Performance - EUR/USD fell by -0.15% after reaching a 1.5-week high, influenced by the dollar's recovery and dovish comments from ECB officials [4] - Eurozone's September core CPI was revised upward to a 5-month high of 2.4% y/y, initially supporting the euro [5] Yen Performance - USD/JPY rose by +0.04%, with the yen declining from a 1.5-week high as safe-haven demand receded amid easing US-China trade tensions [6] - Comments from BOJ Governor Ueda regarding the possibility of a rate hike kept the yen supported initially [6]