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British Pound holds its ground as US Consumer Sentiment deteriorates
The Pound Sterling holds firm against the US Dollar, which has so far posted modest gains against a basket of six currencies, while US consumers grew pessimistic about the economy as the US-Iran conflict dragged on for another week. The GBP/USD trades at 1.3231 at the time of writing.
Fxstreet
Fri, Oct 9
Euro struggles as French fiscal concerns and firm US Dollar dominate
EUR/USD reverses earlier gains on Friday and remains on track for a fifth consecutive weekly decline as the US Dollar (USD) rebounds from the previous day’s pullback. Concerns over France’s fiscal outlook also continue to weigh on sentiment toward the Euro (EUR).
Fxstreet
Fri, Oct 9
Japan: Bond outflows reshape global yields - Commerzbank
Commerzbank's Volkmar Baur highlights Japanese investors' net selling of foreign bonds and its implications for global yields. Although Japanese investors have recently returned as buyers of French bonds, their selling of US bonds has provided some support to the euro against the dollar.Fxstreet
Fri, Oct 9
Canadian Dollar underperforms after Canada sheds 68.3K jobs in September
USD/CAD climbs on Friday as the Canadian Dollar (CAD) weakens sharply following a disappointing domestic employment report. A firm US Dollar (USD) provides additional support to the pair. At the time of writing, USD/CAD trades around 1.4276, at levels last seen in April 2025.Fxstreet
Fri, Oct 9
British Pound gains ground as Japanese Yen underperforms
GBP/JPY trades with a mild positive bias on Friday as the Japanese Yen (JPY) underperforms across the board. A pause in the global bond sell-off has pushed government bond yields lower, with Japanese yields falling more sharply than their UK counterparts.
Fxstreet
Fri, Oct 9
Japanese Yen: Choppy trade inside defined range – UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann note that USD/JPY has been volatile around 157.86, with swings between 157.51 and 158.36 failing to establish a clear trend. For the coming sessions, the pair is expected to trade within 157.50–158.50 intraday, while the 1–3 week view favours consolidation in a narrower 157.00–158.70 band against a backdrop of longer-term downside momentum.Fxstreet
Fri, Oct 9
EUR/USD Price Forecast: Rallies fail above 1.1200 amid high Oil prices, debt woes
The Euro (EUR) is failing to capitalise on the moderate US Dollar (USD) weakness witnessed on Friday as the high Oil prices and the ongoing concerns about France’s public debt offset investors’ optimism about lower global yields.
Fxstreet
Fri, Oct 9
Canadian Dollar: Labor data may trigger dovish repricing – BBH
Brown Brothers Harriman highlights that USD/CAD is consolidating just above 1.4200 after touching fresh cyclical highs near 1.4300. Canada’s September labor force survey is the key release, with modest job gains and a higher unemployment rate expected.Fxstreet
Fri, Oct 9
Euro: Elusive recovery prospects against US Dollar – ING
Francesco Pesole at ING observes that EUR/USD has moved back above 1.120 on Dollar softness, but the Euro still struggles against other European currencies as markets keep pricing a French fiscal premium. He argues that French political and bond-market risks may persist, and ING still sees scope for EUR/USD to test the 1.110/1.112 area in the near term.Fxstreet
Fri, Oct 9
Mexican Peso: Banxico cautious on cuts as Peso risks linger – Commerzbank
Commerzbank’s Norman Liebke notes Banxico’s September minutes signal a board leaning toward further easing, though the policy rate stayed at 6.5%. He argues it is too early to see a clear November cut, given US elections, geopolitical risks and energy prices.
Fxstreet
Fri, Oct 9
Canadian Dollar: Policy divergence weighs on CAD against US Dollar – Rabobank
Rabobank strategists Molly Schwartz and Christian Lawrence note that the recent USD/CAD rally reflects broad US Dollar (USD) strength rather than specific Canadian Dollar (CAD) weakness, with the pair consolidating near 1.425 after failing to break 1.43.Fxstreet
Fri, Oct 9
Euro extends recovery due to relief from drop in French bond yields
The Euro (EUR) extends Thursday’s recovery move against the US Dollar (USD) on Friday. In the European trade, the EUR/USD pair is up 0.2% higher to near 1.1235. The Euro rebounds as yields offered on France bonds have corrected sharply.Fxstreet
Fri, Oct 9
British Pound: Mild downside bias against US Dollar - UOB
United Overseas Bank’s (UOB) Quek Ser Leang and Lee Sue Ann observe that GBP/USD has held modest gains around 1.3230, but recent guidance from the Bank of England on higher-for-longer rates has not translated into a clear bullish trend.Fxstreet
Fri, Oct 9
USD/CHF Price Forecast: Testing support at 0.8300 with bearish momentum building up
The US Dollar (USD) extends losses for the second consecutive day against the Swiss Franc (CHF) on Friday as some easing on the global bond rout has triggered a mild risk appetite, sending the US Dollar lower across the board.
Fxstreet
Fri, Oct 9
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