The US dollar is poised to end October with a gain of over 3%. Meanwhile, its competitors are losing ground, largely due to their central banks' monetary policies. In particular, the euro is weakening in response to a series of interest rate cuts by the European Central Bank.In addition, the yen, which has weakened following Japan's parliamentary elections, could further bolster the US dollar index if the Bank of Japan decides to keep its interest rate unchanged at 0.25% on Thursday.
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