| Time | Country | Event | Period | Previous value | Forecast | Actual |
|---|
| 08:55 | Germany | Manufacturing PMI | October | 40.6 | 42.6 | 43.0 |
| 09:00 | Eurozone | Manufacturing PMI | October | 45.0 | 45.9 | 46.0 |
USD weakened against other major currencies in the European session on Friday as investors prepared for the presidential elections in the U.S. and the policy meeting of the Federal Reserve later this week.
The U.S. Dollar Index (DXY), measuring the U.S. currency's value relative to a basket of foreign currencies, fell 0.60% from the previous close to 103.66.
The U.S. presidential election, scheduled to be held on November 5, will capture the attention of global markets, but the ultimate result may not be available until later in the week. Latest polls continue to indicate a tight contest between the U.S. Vice President Kamala Harris and former President Donald Trump, but several weekend surveys, including a Morning Consult survey and an ABC/Ipsos poll, suggest the Democratic nominee has a slim lead over the Republican candidate.
The outcomes of the Fed’s two-day policy meeting will be announced on Thursday. Friday’s release of weaker-than-expected U.S. jobs data for October supported the notion that the U.S. central bank will choose to stay on a gradual rate-cut path, decreasing its rate by 25 basis points this week.