News
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Sterling skids to two-month lows as dollar shines
By Amanda Cooper LONDON, Oct 10 (Reuters) - The pound fell to two-month lows on Friday, set for its biggest weekly fall since a rout in UK bonds in January, largely driven by a resurgent dollar, which has vaulted higher as political crisis unfolded in France and Japan, in particular. Sterling...Reuters
Fri, Oct 10
EUR is a relative outperformer – Scotiabank
The Euro (EUR) is up a marginal 0.1% against the US Dollar (USD) but still outperforming most of the G10 currencies into Friday’s NA open, attempting some stabilization following a period of significant underperformance against the USD with a near-1.5% decline over the past week or so, Scotiabank's
Fxstreet
Fri, Oct 10
AUD/USD weakness seems likely – UOB Group
Further Australian Dollar (AUD) weakness seems likely; oversold conditions suggest any decline may not reach 0.6520 today. In the longer run, AUD is expected to continue to decline, likely toward the late-September low, near 0.6520, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Fri, Oct 10
CAD remains soft ahead of September employment data – Scotiabank
The Canadian Dollar (CAD) is steady on the session after sliding through 1.40 amid a broader wave of US Dollar (USD) gains over the course of the week so far, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret rep
Fxstreet
Fri, Oct 10
USD/CAD maintains upside pressure above 200-DMA – BBH
USD/CAD remains under upward pressure after breaking above its 200-day moving average at 1.3976. Investors now turn to Canada’s September labor force survey, with expectations for minimal job gains following steep losses in July and August.Fxstreet
Fri, Oct 10
USD/JPY stabilizes as Japanese coalition collapses – BBH
USD/JPY stabilized after rallying to an 8-month high near 153.27. Japan’s ruling coalition fell apart today after Komeito, the junior partner to Sanae Takaichi’s Liberal Democratic Party, indicated it planned to pull out of the partnership.Fxstreet
Fri, Oct 10
EMERGING MARKETS-Emerging Markets assets set for weekly loss amid strong dollar
EM stocks down 0.57%, FX down 0.2%; set for weekly fallCzech CPI at 2.3% y/y in SeptemberPolish central bank governor still sees some space for rate cutsRomania Q2 final GDP +0.3% y/y, in line with preliminary estimateBy Nikhil Sharma Oct 10 (Reuters) - Emerging Market assets fell on Friday, sett...Reuters
Fri, Oct 10
USD/CAD extends breakout above 200-DMA – Société Générale
USD/CAD has broken out of its multi-month consolidation, advancing above the 200-day moving average as bullish momentum strengthens. The daily MACD remains firmly in positive territory, suggesting scope for further gains toward 1.4110–1.4165.Fxstreet
Fri, Oct 10
EUR: New French PM to be announced today – ING
The only tepid and very short-lived EUR relief to Wednesday’s French political news is understandable. Despite the OAT-Bund 10Y spread falling back to the low 80s (bp), the more forward-looking FX market is seeing limited room for optimism, ING's FX analyst Francesco Pesole notes.Fxstreet
Fri, Oct 10
JPY: Political risks now available – Commerzbank
The Japanese Yen (JPY) came under pressure in yesterday's trading after it became clear that coalition talks in Japan are proving more difficult than expected. At present, it even looks as though the election of Sanae Takaichi as the new prime minister may have to be postponed.Fxstreet
Fri, Oct 10
QUOTES-Market analysts reaction to Japan's ruling coalition split
SINGAPORE, Oct 10 (Reuters) - Japan's ruling coalition broke up on Friday, with junior partner Komeito rebelling against the Liberal Democratic Party's new hardline leader Sanae Takaichi in a move that cast doubt over her premiership bid.Market reaction was mixed as traders attempted to make...Reuters
Fri, Oct 10
FOREX-Yen and euro struggle as Japan and France's political dramas heat up
Takaichi's fiscal policies and BOJ rate hike wagers in focus Verbal support helps yen French political quagmire leaves euro at two-month lowsUS dollar on pace for best week in a year By Amanda Cooper LONDON, Oct 10 (Reuters) - The yen headed for its steepest weekly drop in a year on Friday, a...Reuters
Fri, Oct 10
