Economic releases from North America encouraged the pessimists of global growth today as dockets pointed to further slowdown in activity.
- Canada's gross domestic product (GDP) contracted by -0.5%, putting the country in technical recession, which adds pressure on Bank of Canada (BOC) to act further to improve outlook. Not a bullish news for Loonie. RBC manufacturing PMI dropped below 50 mark to 49.4, pointing contraction.
- Rate hike from US Federal Reserve is further in doubt as economic dockets revealed weakness. ISM manufacturing PMI came at 51.1, much weaker than economists' expectation of 52.6 and 52.7 prior. ISM prices paid, dropped further to 39 from 44 prior thanks to continued commodity rout. TIPP economic optimism dropped to 42 in September from 46.9 in August, lowest level since November 2013.
Global markets' focus will be on Friday's NFP report, a miss of which could seriously dent rate hike probabilities in September.
Dollar index is currently trading at 95.54, down -0.4% for the day.


Dogecoin Price Rises as Bitwise Plans DOGE ETF Closure
Evernorth Nasdaq Listing Nears as XRP Price Falls
XRP Whale Activity Drops 27% in Eight Days Amid Market Sell-Off
DWF Labs Sues BitGo for $114 Million Over Alleged Token Sales Breach
XRP Ledger Agentic Payments Surge Past 13 Million Transactions
XRP Ledger Activates New Security Feature for Banks and Stablecoins
Bitcoin ETFs Lose $681 Million, Ending Three-Week Inflow Streak
Ledger Investigates Alleged $86 Million Crypto Wallet Theft
MSTR Stock Rises as Barclays Raises Price Target to $175
Stellar Overtakes Ethereum in RWA Fund Inflows as XRP Leads Commodities
BNB Price Faces Pressure as DOJ Investigates Binance
Morgan Stanley Raises Coinbase Stock Price Target to $258 Ahead of Earnings
GRAM Price Jumps 9% as Telegram Expands Money Wallet
Zcash Plans Quantum-Resistant Security Upgrade for January
Bitcoin Rebounds to $82K as Crypto Market Faces Weekly Losses 



