United Kingdom S&P Global Construction PMI came in at 46.1, above forecasts (45.4) in September

Gold: Vulnerable as yields stay elevated – OCBC

OCBC strategists Sim Moh Siong and Christopher Wong describe Gold as sluggish despite a sharp pullback in October Fed hike expectations, with long-end US Treasury yields resuming their rise and the US Dollar (USD) firm.
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Brazilian Real: Bolsonaro boost faces parliamentary constraints – Commerzbank

Commerzbank’s Norman Liebke notes the Brazilian Real (BRL) strengthened about 4% as USD/BRL fell from 5.2 to 5 on F. Bolsonaro’s election lead. He cautions that despite gains by Partido Liberal and other conservatives, Bolsonaro would still lack outright majorities and remain reliant on alliances.
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