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European banks increase reliance on US dollar funding, EU regulator finds
EBA flags 'meaningful currency mismatch' in banks' balance sheets Warning comes as banks asked to stress test dollar resilienceEBA study shows EU banks subsidiaries increase dollar dependenceBy Valentina Za and Stefania Spezzati MILAN/LONDON, Nov 3 (Reuters) - European banks increase...Reuters
Mon, Nov 3
CAD drifts lower on wider spreads – Scotiabank
The Canadian Dollar (CAD) is a little softer on the session, pulled lower by wider US/ Canada short-term spreads. No minor lift from positive risk sentiment for the CAD this morning, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Mon, Nov 3
GBP/JPY Price Forecast: Bulls guard 200.00 base while momentum stalls below 203.00
The British Pound (GBP) holds firm against the Japanese Yen (JPY) on Monday amid holiday-thinned trading in Japan, with investors likely to refrain from large directional bets ahead of the Bank of England (BoE) interest rate decision due on Thursday.
Fxstreet
Mon, Nov 3
EUR/CHF extends advance as soft Swiss inflation revives rate-cut bets
The Euro (EUR) strengthens against the Swiss Franc (CHF) on Monday, as the Franc weakens broadly after Swiss inflation unexpectedly cooled in October. At the time of writing, EUR/CHF is trading around 0.9298, extending gains for the second consecutive day.
Fxstreet
Mon, Nov 3
China pledges to defend shared security interests with Russia
Nov 3 (Reuters) - China wants to strengthen cooperation with Russia and defend shared security interests, Premier Li Qiang told visiting Russian Prime Minister Mikhail Mishustin on Monday.At talks in the Chinese city of Hangzhou, Li described Russia and China as "good neighbours and good partn...Reuters
Mon, Nov 3
FOREX-Dollar index at three-month high, testing top of recent range
Dollar buoyant, yen still under pressureFocus on private data releases as US government shutdown drags onMarkets alert to more jawboning from TokyoRate decisions from BoE, RBA due this weekBy Rae Wee and Alun John SINGAPORE/LONDON, Nov 3 (Reuters) - The dollar hovered at a three-month high agains...Reuters
Mon, Nov 3
Nigeria's bonds slip after Trump threat of military action
Nigeria bonds underperform peers on MondayForeign investors have viewed Nigeria favourably this yearAreas of concern are far from oil production, commercial capitalBy Libby George and Duncan Miriri LONDON/NAIROBI, Nov 3 (Reuters) - Nigeria's sovereign bonds slipped on Monday after U.S. Presid...Reuters
Mon, Nov 3
World Bank's investment arm to boost local-currency lending in Africa
By Colleen Goko Nov 3 (Reuters) - The International Finance Corporation, the World Bank's private investment arm, is expanding its local-currency lending and direct investments into companies across Africa to help projects reach the scale required to attract major global funds, Managing Direc...Reuters
Mon, Nov 3
USD/JPY: Clear break above 154.50 is unlikely – UOB Group
Upward momentum is slightly firm, and US Dollar (USD) could test 154.50; a clear break above this level is unlikely. In the longer run, sharp increase in upward momentum could lead to further USD advance toward 154.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Nov 3
NZD/USD: Unlikely to be able to break below 0.5700 – UOB Group
New Zealand Dollar (NZD) could continue to edge lower, but it is unlikely to be able to break below 0.5700. In the longer run, NZD is under mild downward pressure, and could edge lower, potentially testing 0.5700, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Nov 3
AUD/USD: Current price movements appear to be part of a 0.6535/0.6565 – UOB Group
The current price movements appear to be part of a 0.6535/0.6565 range-trading phase. In the longer run, AUD is likely to trade in a range between 0.6505 and 0.6610, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Mon, Nov 3
GBP/USD: Likely to consolidate between 1.3110 and 1.3170 – UOB Group
Instead of continuing to decline, Pound Sterling (GBP) is more likely to consolidate between 1.3110 and 1.3170. In the longer run, the outlook for GBP remains negative, but for it to continue to decline, it must first close below 1.3100, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Nov 3
Sterling under pressure as BoE week arrives
LONDON, Nov 3 (Reuters) - The pound remained under pressure against both the dollar and euro on Monday as traders tried to fine-tune their positions ahead of Thursday's in-the-balance Bank of England meeting. Sterling was down 0.27% on the dollar at $1.3132, just above last week's more than ...Reuters
Mon, Nov 3
Coinbase Says Some Users May Experience Delays In Send And Receive Transactions On Berachain Due To Network Upgrade
Nov 3 (Reuters) - Coinbase Global Inc COIN.O:COINBASE GLOBAL INC: AWARE THAT SOME USERS MAY EXPERIENCE DELAYS IN SEND AND RECEIVE TRANSACTIONS ON BERACHAIN DUE TO NETWORK UPGRADEReuters
Mon, Nov 3
