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The US dollar index fell short-term, with several European stock indices dropping over 1%.
On October 10, the USD index DXY's short-term decline expanded to over 15 points, currently reported at 99.09. Non-USD currencies generally rose, with the EUR/USD short-term up nearly 20 points, currently reported at 1.1600, and the GBP/USD short-term rising nearly 40 points, currently reported at 1.3335. The USD/JPY short-term fell about 40 points, currently reported at 152.06. European stocks quickly declined, with the German DAX index, French CAC40 index, and Italian FTSE MIB index all dropping over 1%. Earlier reports indicated that Trump threatened to "significantly increase" tariffs on China.