News
Important Only
CAD remains soft on wider US/Canada spreads – Scotiabank
The Canadian Dollar (CAD) is little changed in quiet trade. Weak Asian stocks and soft European markets reflect a somewhat cautious undertone to risk sentiment, despite some gains in US equity futures, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Fri, Oct 31
EUR/CHF holds near two-week highs as Swiss Franc weakens on fading safe-haven demand
The Euro (EUR) trades on the front foot against the Swiss Franc (CHF) on Friday as fading safe-haven demand keeps the Franc under pressure. At the time of writing, EUR/CHF is trading around 0.9287, holding firm near a two-week high as investors digest the latest Eurozone inflation figures.
Fxstreet
Fri, Oct 31
FOREX-Yen gets a boost from finance minister, pound wilts
U.S.-China trade deal, tech sector earnings cloud currency pathTokyo CPI hotter than expected at 2.8% Euro nudges higher after ECB holds interest ratesPound under pressure as worries over UK finances growBy Amanda Cooper LONDON, Oct 31 (Reuters) - The yen rose on Friday after Japan's new fina...Reuters
Fri, Oct 31
Pound heads for worst monthly performance since July
By Amanda Cooper LONDON, Oct 31 (Reuters) - The pound headed for its worst performance against the dollar since July on Friday, while also wallowing at 2-1/2-year lows against the euro, reflecting growing investor nervousness about the outlook for UK government finances. Sterling GBP=, which h...Reuters
Fri, Oct 31
USD/JPY might test 154.50 before a pullback can be expected – UOB Group
US Dollar (USD) could test 154.50 before a pullback can be expected. 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
Fri, Oct 31
EUR/USD holds near 1.1540 after ECB stand pat – BBH
EUR/USD is range bound just above this month’s low around 1.1540. Next support is offered at 1.1500. As was widely expected, the ECB left the policy rate unchanged for a third consecutive meeting at 2.00% yesterday. The ECB also suggested the bar for more easing is high, BBH FX analysts report.Fxstreet
Fri, Oct 31
USD/CAD crawls above 1.4000 favoured by a hawkish Fed, risk-off markets
The US Dollar trades higher against its Canadian counterpart for the second consecutive day on Friday, returning to levels right above the 1.4000 psychological level to retrace losses from previous days, and trading practically flat on the weekly chart.Fxstreet
Fri, Oct 31
AUD/USD: Major support at 0.6505 is not expected to come under threat – UOB Group
There is scope for Australian Dollar (AUD) to test 0.6530; the major support at 0.6505 is not expected to come under threat. 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
Fri, Oct 31
TRY: Expectations show inflation risk is elevated – Commerzbank
There are risks associated with continued rate cuts from the Turkish central bank (CBT) against a background of re-accelerating inflation expectations. Household inflation expectations once again recorded an acceleration, with the 12-month forward expectation accelerating to 54.4% in October.
Fxstreet
Fri, Oct 31
