The US Dollar Index stood at 101.74, unchanged on the day. Amazon led recent moves with a 3.13% gain, while Silver fell 2.83% and Copper dropped 2.32%. USD/RUB rose 1.01%, Silver declined 2.83%, and USD/CNY increased 0.52% from their previous closes.
USD/RUB traded at 81.71, up 1.01% from the previous session close of 80.89. The pair closed the October 30 session at 80.54, down 0.80% on that day. Over the previous five sessions, the rate traded between 79.93 and 81.53. The current level exceeds the high of that five-day range. The usual daily move over the last 30 sessions is 0.60%.
Silver futures traded at $49.28, down 2.83% from the previous session close of $50.71. Futures closed the November 2 session at $50.71, up 2.91% on the day. Prices have traded between $49.28 and $50.92 in the current session. At $49.28, Silver futures are lower than any session close since November 7, 2025, 251 sessions ago. The usual daily move over the last 30 sessions is 2.09%.
USD/CNY traded at 6.6716, up 0.52% from the previous session close of 6.6374. The pair closed the October 30 session at 6.6449, down 0.04% on the day. Over the previous five sessions, the rate traded between 6.6415 and 6.6703. The current price sits above the high of that five-day range. The usual daily move over the last 30 sessions is 0.07%.
The US 10-year Treasury yield was 4.91% on November 2, down 3 bp from the prior day. The US 2-year Treasury yield was 4.59% on November 2, up 3 bp from the prior day. Traders priced a 72% chance of a 25 bp Fed hike in December 2026.
The EU PMI Composite release is due at 09:00 UTC on Wednesday, November 4. The EU Services PMI release is due at 09:00 UTC on Wednesday, November 4. The US ISM Services PMI release is due at 15:00 UTC on Wednesday, November 4. The UK Bank of England Interest Rate Decision release is due at 12:00 UTC on Thursday, November 5.
Sources: ForTraders quotes, US Treasury, Kalshi, ForTraders economic calendar.
