💵🔺Dollar Rebounds After Nearing October Lows: Cable FX Macro

• The <.RDDXY> Cable FX Macro Dollar Index rises by 2.5 figures on Thursday session or 0.9%, the move is paring all of its weekly losses after it neared its month-to-date lows

• USD/G10FX is holding to an advance for October and gains could extend to match the index MTD highs closer to 318.0, last at 315.25

• On the month, the Norwegian krone and the Australian dollar post the sharpest declines to the U.S. dollar at 2.58% and 1.74%, respectively. The Canadian dollar follows with a 0.75% loss to the USD, this development is interesting as CAD and NOK tend to have a positive correlation to crude oil prices