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The AUD/USD pair trades 0.3% higher to near 0.6510 during the European trading session on Thursday.

The Central Bank of Turkey will decide on another rate cut today. We expect a 150bp rate cut to 39%; however, the story is more unclear than usual.

The US Dollar remains firm against the Swiss Franc.

US and China officials will meet in the Malaysian capital, Kuala Lumpur, from October 24 to 27 for the next round of trade talks. US Treasury Secretary Bessent and China’s Vice Premier He will meet in person after last week’s phone call.

The goal is of course to further de-escalate the renewed trade war. The market is almost certain that the two sides will make some kind of a deal and the 155% tariffs threatened by Trump won’t go into effect. That’s just common sense since it would be an economic suicide for both.

We will likely get an update on Monday from Bessent ahead of the Trump-Xi meeting at the APEC Summit next week.

This article was written by Giuseppe Dellamotta at investinglive.com.

Gold has yet to recover after the steep decline from all-time high, but pace of decline is starting to moderate. XAU last seen at 4114.34 levels, OCBC’s FX analysts Frances Cheung and Christopher Wong note.

There was a stony silence in Moscow a day after President Donald Trump signalled he had lost his patience with Russian President Vladimir Putin.

The Oil market is rallying this morning, with WTI up around 2.8% at the time of writing, taking it back above US$60/bbl. The catalyst: the US administration placing sanctions on Russian Oil producers Rosneft and LukOil, which produce more than 5m b/d of Oil.

In Tesla’s quarter earnings call, Elon Musk and other executives talked a lot about the future but said little about the core business.