News
Important Only
USD/CAD heavy ahead of BOC policy decision – BBH
USD/CAD trades below its 200-day moving average as markets await the Bank of Canada’s rate decision. A widely expected 25bps cut to 2.25% is unlikely to mark the start of an aggressive easing cycle, with fiscal support and firm inflation arguing against deeper cuts, BBH FX analysts report.
Fxstreet
Wed, Oct 29
Lab equipment maker Avantor's Q3 sales miss estimates, announces $500 mln share repurchase
OverviewAvantor Q3 net sales decline 5.3% to $1.62 bln, missing analyst expectationsCompany reports Q3 net loss due to $785 mln goodwill impairment chargeAdjusted EPS for Q3 meets analyst expectations at $0.22Avantor announces $500 mln share repurchase authorizationOutlookAvantor announces $500 mln ...Reuters
Wed, Oct 29
FOREX-Dollar strengthens as traders process trade talks and Fed
Trump says he expects to agree 'great deal' with ChinaFed set to cut rates, traders eye clues on further easingAustralian inflation scuppers bets for RBA rate cut next weekSterling slides versus dollar and European peers By Kevin Buckland and Alun John TOKYO/LONDON, Oct 29 (Reuters) - The...Reuters
Wed, Oct 29
INDIA RUPEE-Rupee nudges up, forward premiums slip heading into Fed policy decision
By Jaspreet Kalra MUMBAI, Oct 29 (Reuters) - The Indian rupee closed modestly higher on Wednesday as likely central bank intervention supported the currency in face of month-end dollar bids, while traders turned their focus to the upcoming U.S. Federal Reserve policy decision. The rupee INR=IN ha...Reuters
Wed, Oct 29
Russia will cut forex sales from wealth fund in 2026, central bank head says
MOSCOW, Oct 29 (Reuters) - Russia will cut foreign currency sales from its rainy day National Wealth Fund next year, the central bank's Governor Elvira Nabiullina said on Wednesday, in a move that would weaken support for the rouble. Forex sales from the NWF are needed to cover the budget defici...Reuters
Wed, Oct 29
NZD/USD Price Forecast: Resistance at 0.5805 is likely to hold bulls
The New Zealand Dollar’s recovery against the US Dollar stalled just below 0.5800 on Wednesday. The pair maintains a near-term positive trend intact so far, but the resistance area in the vicinity of 0.5800 is likely to pose a significant challenge for bulls.
Fxstreet
Wed, Oct 29
AUD: Bias remains for upside play – OCBC
Australian Dollar (AUD) extended its run-up, helped by a firmer AU CPI print for 3Q while prospects of better US-China relations, firmer RMB and pro-risk appetite remain supportive of AUD. Pair was last at 0.66 levels, OCBC's FX analysts Frances Cheung and Christopher Wong note.Fxstreet
Wed, Oct 29
EUR/USD pares gains as US Dollar picks up with Fed's rate decision in focus
EUR/USD retreats on Wednesday to snap a five-day rally, trading at 1.1630 after hitting one-week highs near 1.1670 on Tuesday. A stronger US Dollar, ahead of the Federal Reserve's monetary policy decision due later today, is weighing on the pair.Fxstreet
Wed, Oct 29
Russia will cut forex sales from wealth fund in 2026, central bank head says
MOSCOW, Oct 29 (Reuters) - Russia will cut foreign currency sales from its rainy day National Wealth Fund (NWF) next year, the Central Bank's Governor Elvira Nabiullina said on Wednesday, in move that would weaken support for the rouble. Forex sales from NDF are needed to cover the budget defici...Reuters
Wed, Oct 29
AUD: A rate cut seems unlikely now – Commerzbank
In September, the Reserve Bank of Australia left interest rates unchanged but hinted that it wanted to cut them further. Although it was prepared for inflation to rise slightly again over the coming months, the central bank did not appear particularly concerned.Fxstreet
Wed, Oct 29
USD/CAD Price Forecast: Holds losses below 1.3950, lower rectangle boundary
USD/CAD extends its losses for the third successive session, trading around 1.3930 during the early European hours on Wednesday. The short-term price momentum is weaker as the pair is falling below the nine-day Exponential Moving Average (EMA).Fxstreet
Wed, Oct 29
Iron ore hits two-week high ahead of Trump-Xi meeting
By Amy Lv and Lewis Jackson BEIJING, Oct 29 (Reuters) - Iron ore futures prices gained on Wednesday for a third straight session to hit their highest in two weeks, bolstered by optimism on a trade deal between the world's two largest economies.U.S. President Donald Trump, who heads to South K...Reuters
Wed, Oct 29
