The AUD advanced amid surging inflation expectations and a weakening USD.

GBP/USD drops to a two-week low due to a stronger USD and budget concerns. EUR/USD falls to a 6-week low as French political issues remain.

Optimism in Germany took a hit over the summer as political developments and decisions undermined the full positive impact of the fiscal stimulus announced in the spring.

Silver gained over 3% on Wednesday, nearing the $50 per ounce mark, an all-time high, as the protracted US government shutdown amid heightened geopolitical and economic uncertainty spurred demand for safe-haven assets.

Minsky Moment is the sudden collapse of the market following a long period of unsustainable speculative activity involving high debt amounts taken by investors.

The excesses of the 2000s subprime housing bubble financial crisis forced a fundamental reset in US homebuilding.