Analyzes

The USD/SGD hovered near 1.30085 on Thursday as markets remained calm following the U.S. government’s reopening, with sentiment cautiously leaning bearish.

The EUR/USD pair traded as high as 1.1635 during European trading hours on Thursday, as optimism fueled demand for high-yielding assets. Late on Wednesday, the United States (US) House of Representatives approved a bill to fund the government, ending the longest shutdown in the country’s history.

The U.S. dollar traded choppily but held firm above the key 1.40 level against the Canadian dollar on Wednesday, with bullish signals pointing toward a 1.4250 target.

The NASDAQ 100 opened lower on Wednesday amid early panic but held key support near 25,000, with bulls still targeting 26,000 and a potential year-end rally.

The Euro traded choppily on Wednesday as stronger U.S. yields offset Fed rate cuts, leaving EUR/USD stuck in a range with potential targets at 1.14 or 1.17.

The British Pound declined Wednesday as growing expectations of Bank of England rate cuts and persistent US dollar strength pressured GBP/USD toward key support at 1.30.