Eurozone government bond yields erased earlier large gains; German 10-year yield flat at 3.484%; French 10-year yield down 1bp at 4.856%.

ING analyst Chris Turner says the Fed's September minutes indicate policymakers still expect another rate hike this year, supporting the dollar. Money markets have priced a 25bp December hike and further tightening into 2027; ING calls those expectations overly aggressive but says a near-term material repricing is unlikely. A strong US 10-year Treasury auction overnight — high bid-cover ratio and robust indirect demand — signals persistent demand for Treasuries at elevated yields, adding to dollar support. Elevated US yields and rising market volatility have driven arbitrage outflows, weighing on most Latin American currencies. ING expects the dollar to remain on an appreciating trend over the coming months, given recent developments in Europe.

UK police said two men are Latvian nationals and remain in custody; counter-terrorism police are investigating.