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New Zealand Dollar: Downside risks grow against US Dollar – Societe Generale
Societe Generale analysts note that NZD/USD is testing the lower boundary of its multi-month range at 0.5560/0.5550 following the RBNZ's decision to hold the OCR at 2.75%, despite expectations of a 25bp hike.
Fxstreet
Wed, Oct 28
BoC expected to raise interest rates to 2.50%
The Bank of Canada (BoC) is expected to raise its benchmark interest rate by 25 basis points to 2.50% on Wednesday, as persistent inflation concerns put pressure on policymakers to tighten monetary policy despite growing signs of economic weakness.
Fxstreet
Wed, Oct 28
Euro holds gains against Canadian Dollar ahead of BoC rate decision
EUR/CAD inches higher after six days of losses, trading around 1.5640 during European hours on Wednesday. The currency cross moved little ahead of the Bank of Canada’s (BoC) policy decision scheduled for later in the day, with financial markets largely pricing in a 25-basis-point interest rate hike.
Fxstreet
Wed, Oct 28
Equities: Global tech rally extends with AI enthusiasm – Deutsche Bank
Deutsche Bank strategists highlight that US equities advanced on strong data and a buoyant tech mood, with the Nasdaq and Mag-7 moving higher alongside a sharp rise in the Philly semiconductor index. European equities also gained, though the FTSE 100 lagged on HSBC earnings.
Fxstreet
Wed, Oct 28
British Pound declines ahead of UK Finance Minister Healey's budget
GBP/USD continues its losing streak for the fourth consecutive day, trading around 1.3290 during Asian hours on Wednesday. Traders are waiting for UK Finance Minister John Healey to present his first budget later in the day.Fxstreet
Wed, Oct 28
Japanese Yen remains subdued as higher oil increases import costs
USD/JPY continues its winning streak for the fourth consecutive day, trading around 158.00 during Asian hours on Wednesday. The pair appreciates as the Japanese Yen (JPY) faces challenges amid rising crude oil prices, which place renewed cost pressures on major energy-importing economies.
Fxstreet
Wed, Oct 28
Australian Dollar strengthens as hot inflation data boosts RBA rate hike bets
AUD/JPY extends its gains for the fourth successive day, trading around 111.30 during Asian hours on Wednesday. The currency cross gains support as the Australian Dollar (AUD) receives support following the release of the domestic Consumer Price Index (CPI) report.
Fxstreet
Wed, Oct 28
Singapore Dollar: Range-bound bias holds against US Dollar – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/SGD extended higher than expected, with the pair touching 1.2814 instead of staying in the prior intraday range. Short-term momentum suggests scope for a test above 1.2820, though gains are seen as limited.
Fxstreet
Tue, Oct 27
Indonesian Rupiah: Watching for retracement signs – OCBC
OCBC’s Sim Moh Siong and Christopher Wong report that IDR remains under pressure despite new IDX measures to address MSCI’s transparency concerns. They retain a mildly cautious bias, stressing that enforcement and foreign portfolio flows will be crucial for restoring confidence. Technically, USD/IDR shows mild bullish momentum near prior highs, with resistance and support levels framing potential retracement.Fxstreet
Tue, Oct 27
Singapore Dollar: Range trade persists with softer data – Commerzbank
Commerzbank’s Dr. Henry Hao and FX analyst Charlie Lay highlight that Singapore’s September inflation and manufacturing data softened, keeping underlying price pressures contained despite higher global energy costs.Fxstreet
Tue, Oct 27
What can we expect from the RBNZ monetary policy decision?
On Wednesday, October 28 at 01:00 GMT, the Reserve Bank of New Zealand (RBNZ), led by Governor Anna Breman, is expected to raise the Overnight Cash Rate (OCR) by 25 basis points, from 2.75% to 3%, as money markets price in a 100% chance.Fxstreet
Tue, Oct 27
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