Ella 
The euro hovered in a limited range around 1.0540 after the opening of the European session on Thursday.
On the other hand, the U.S. dollar index (DXY) showed that the U.S. dollar index remained near 106.00 amid the continued northward rise in U.S. yields of different maturities, heightened caution ahead of Chairman Powell’s speech, and rising geopolitics.
On the monetary policy front, investors now expect the Federal Reserve (Fed) to keep rates on hold for the rest of the year.
Meanwhile, financial market investors are considering the possibility that the European Central Bank (ECB) will halt policy changes despite inflation exceeding the bank’s target, and concerns are growing about the possibility of an economic slowdown or stagflation in the European region.
Back on the domestic agenda, France’s business confidence index fell to 98 in October.
In the United States, Powell will discuss the “Economic Outlook” at the Economic Club of New York, while FOMC Philip Jefferson (permanent voter, centrist), Chicago Fed Ostan Goolsby (voter, centrist), Atlanta Fed Raphael- Bostic (2024 voter, centrist), FOMC Michael Barr (permanent voter, centrist) and Philadelphia Fed Patrick Harker (2024 voter, hawk) will all speak later in the North American session.
