New Jersey proposed $7 billion in potential credits against state and city taxes if Amazon locates in Newark. Credit ratings and research company Moody's has ranked Austin as the most likely to win based on its labor pool, costs of doing business and quality of life, among other criteria. Amazon has said it will announce a decision for its second campus, in addition to its Seattle headquarters, next year. U.S. cities are offering  Amazon  as much as $7 billion in tax breaks ahead of a Thursday deadline as they compete to house its second headquarters.

The US Dollar (via DXY Index) has seen its losses from Wednesday, triggered by a round of US weaker than expected housing data, trickle into Thursday absent any new bullish developments in the past 24-hours otherwise. As September US economic data has started to roll in, it’s becoming increasingly clear that Hurricanes Harvey and Irma will have had a materially negative impact on Q3’17 GDP. Yesterday, the Atlanta Fed, New York Fed, and St. Louis Fed all downgrading their Q3 US GDP estimates after Wednesday’s data.