News
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Big investment banks cool on Japan's yen after Takaichi win
By Alun John and Amanda Cooper LONDON, Oct 6 (Reuters) - Several large banks said they were closing bullish trade recommendations on the Japanese yen after the country's ruling party on Sunday picked as its leader Sanae Takaichi, whose views on fiscal and monetary policy have unnerved currenc...Reuters
Mon, Oct 6
Better policies, deeper markets help emerging economies weather shocks, says IMF
Improved policy frameworks add to growth, lower inflationEMs with strong fundamentals see stable bond yields, better liquidity during stressForeign investors impact EM spreads and liquidity during shocksBy Rodrigo Campos NEW YORK, Oct 6 (Reuters) - Emerging market economies have become better at ...Reuters
Mon, Oct 6
FOREX-Japanese yen slides on likely new leader, euro pressured by French PM resignation
Takaichi set to become Japan's first female prime ministerTakaichi's policies may delay BOJ's rate hike plansEuro hits record high against yenEuro tumbles vs dollar and sterling after new French PM quitsFed funds futures imply over 95% chance of October U.S. rate cutBy Gregor Stuart Hunt...Reuters
Mon, Oct 6
Citi expects Israel's shekel to strengthen vs euro in coming weeks
LONDON, Oct 6 (Reuters) - Citi said on Monday it expected Israel's shekel currency to strengthen against the euro as markets assess ceasefire potential for the near-two year war in Gaza. "We think, the shekel could be in for another leg of appreciation over the next couple of weeks, as marke...Reuters
Mon, Oct 6
EUR weak and underperforming most G10 currencies – Scotiabank
The Euro (EUR) is weak, down 0.7% against the US Dollar (USD) and underperforming all of the G10 currencies with the exception of Japanese Yen (JPY), Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Mon, Oct 6
NZD/USD Price Forecast: Faces selling pressure amid caution ahead of RBNZ policy announcement
The NZD/USD pair gives up its early gains and falls to near 0.5815 during the European trading session on Monday. The Kiwi pair faces selling pressure as investors turn cautious ahead of the monetary policy announcement by the Reserve Bank of New Zealand (RBNZ) on Wednesday.
Fxstreet
Mon, Oct 6
Bank of England names lead managers for US dollar bond offer
LONDON, Oct 6 (Reuters) - The Bank of England on Monday named Barclays Bank, BNP Paribas, Merrill Lynch International and J.P. Morgan Securities as joint lead managers for a bond sale to finance the central bank's foreign exchange reserves.The BoE said it would issue a benchmark, five-year U.S. ...Reuters
Mon, Oct 6
USD/JPY: Watching the 150 line in the sand – OCBC
Sanae Takaichi was elected as the leader at the LDP election on 4 October, in a run-off vote after none of the 5 candidates won a majority in the first round. She is expected to be appointed the next PM after the vote in parliament, scheduled on 15 October.
Fxstreet
Mon, Oct 6
EUR/GBP weakens as French political turmoil and ECB caution weigh on Euro
The EUR/GBP cross weakens significantly on Monday, falling to 0.8674, its lowest level in two weeks. The move follows the unexpected announcement that French Prime Minister Sébastien Lecornu has resigned, confirmed by the Élysée just hours after the new government was formed.
Fxstreet
Mon, Oct 6
FOREX-Japanese yen tumbles on likely new leader, euro slides after French PM steps down
Takaichi set to become Japan's first female prime ministerTakaichi's policies may delay BOJ's rate hike plansEuro hits record high against yenEuro tumbles vs dollar and sterling after new French PM quitsFed funds futures imply more than 95% chance of October U.S. rate cutBy Gregor Stuart...Reuters
Mon, Oct 6
USD/JPY consolidates above 150.00 on "Takaichi's trade"
The US Dollar stands at two-month lows right above 150.00 against the Japanese Yen on Monday, after having rallied about 300 pips from Friday’s closing levels, following the victory of the pro-stimulus candidate, Sanae Takaichi in the weekend’s LDP elections.Takaichi is widely expected to replace ShFxstreet
Mon, Oct 6
NZD/USD: Likely to trade in a sideways range of 0.5805/0.5840 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a sideways range of 0.5805/0.5840. In the longer run, NZD has likely moved into a 0.5770/0.5865 range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Mon, Oct 6
EMERGING MARKETS-Czech stocks and currency in spotlight after Babis election win
Emerging market stocks slip by 0.35%Basket of currencies poised for biggest daily declineCzech inflation eases closer to central bank target Hamas-Israel negotiations set for MondayBy Nikhil Sharma Oct 6 (Reuters) - Emerging market assets slipped on Monday after a week with strong gains while att...Reuters
Mon, Oct 6
AUD/USD: Any decline is likely part of a lower range of 0.6580/0.6620 – UOB Group
Australian Dollar (AUD) may edge lower; any decline is likely part of a lower range of 0.6580/0.6620. In the longer run, AUD remains neutral but is now expected to trade in a narrower range of 0.6555/0.6640AUD remains neutral but is now expected to trade in a narrower range of 0.6555/0.6640.
Fxstreet
Mon, Oct 6
RPT-COLUMN-Time for Germany's 'sugar rush' to hit: Mike Dolan
By Mike Dolan LONDON, Oct 6 (Reuters) - One of the most transformative economic policy shifts in a turbulent year - Germany's market-moving fiscal boost - is about to kick in, but there's some trepidation about how all this spending and reform will actually pan out.Despite all the focus o...Reuters
Mon, Oct 6
