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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
FOREX-Dollar strengthens on China-US deal optimism, Aussie gains on CPI
US President Trump says he expects to agree 'great deal' with China's XiWith Fed set to cut rates Wednesday, traders eye clues on further easingHeated Australian inflation scuppers bets for RBA rate cut next weekBy Kevin Buckland TOKYO, Oct 29 (Reuters) - The dollar rose from a one-we...Reuters
Wed, Oct 29
INDIA RUPEE-Rupee steady as likely central bank intervention counters importer dollar bids
By Jaspreet Kalra MUMBAI, Oct 29(Reuters) - The Indian rupee was nearly flat on Wednesday, cushioned by likely intervention by the Reserve Bank of India which, traders said, helped outweigh the pressure from month-end dollar demand on account of importer payments. The rupee INR=IN fell to 88.3450...Reuters
Wed, Oct 29
EUR/GBP holds positive ground above 0.8750, traders brace for ECB rate decision
The EUR/GBP cross posts modest gains near 0.8785 during the early European session on Wednesday. The Euro (EUR) edges higher against the Pound Sterling (GBP) ahead of the European Central Bank (ECB) later on Thursday.
Fxstreet
Wed, Oct 29
USD/CHF gains slightly to near 0.7940, investors await Fed’s policy
The USD/CHF pair rises slightly to near 0.7940 during the late Asian trading session on Wednesday. The Swiss Franc pair gains as the US Dollar (USD) trades marginally higher ahead of the monetary policy announcement by the Federal Reserve (Fed) at 18:00 GMT.
Fxstreet
Wed, Oct 29
USD/INR opens higher ahead of Fed’s monetary policy
The Indian Rupee (INR) declines at open against the US Dollar (USD) on Wednesday. The USD/INR jumps to near 88.50, while the US Dollar trades slightly higher ahead of the Federal Reserve’s (Fed) monetary policy announcement at 18:00 GMT.Fxstreet
Wed, Oct 29
EUR/JPY slips below 177.00 as traders adopt caution ahead of upcoming BoJ decision
EUR/JPY continues to lose ground for the second consecutive day, trading around 176.90 during the Asian hours on Wednesday. The currency cross weakens as the Japanese Yen (JPY) gains ground, with investors positioning ahead of the Bank of Japan’s (BoJ) policy decision on Thursday.
Fxstreet
Wed, Oct 29
FOREX-Dollar drifts higher ahead of Fed decision, Aussie gains on CPI
Traders looking for signs of series of US rate reductions in coming monthsYen gains after Bessent signals new Japan govt open to BOJ rate hikesHeated inflation scuppers expectations for RBA rate cut next weekBy Kevin Buckland TOKYO, Oct 29 (Reuters) - The U.S. dollar drifted up from a one-week lo...Reuters
Wed, Oct 29
Bessent urges Japan government to give BOJ scope to raise interest rates
Japan must balance growth, inflationary concerns, Bessent saysRemark adds to complications for monetary dove TakaichiBOJ meets for policy setting, markets see rates on holdBy Leika Kihara and Makiko Yamazaki TOKYO, Oct 29 (Reuters) - U.S. Treasury Secretary Scott Bessent urged Japan's governm...Reuters
Wed, Oct 29
U.S. and Thailand say they won't target exchange rates for competitive purposes
BANGKOK, Oct 29 (Reuters) - The U.S. Treasury and the Bank of Thailand said on Wednesday they had agreed not to use any macroprudential or capital flow measures or government investment vehicles such as pension funds to target exchange rates for competitive purposes.In a joint statement, they said i...Reuters
Wed, Oct 29
INDIA RUPEE-Rupee traders eye RBI, flows before fully priced in Fed rate cut
By Nimesh VoraMUMBAI, Oct 29(Reuters) - The Indian rupee is expected to hold in a narrow range on Wednesday, with likely central bank support countering importer dollar demand and a softer Asia backdrop, ahead of a near-certain U.S. Federal Reserve rate cut.The 1-month non-deliverable forward indic...Reuters
Wed, Oct 29
