News
Important Only
CAD fails to benefit from the mostly softer USD – Scotiabank
The Canadian Dollar (CAD) picked up a little ground in overnight trade on the news out of Washington DC but is currently trading close to the overnight low seen earlier against the big dollar and near yesterday’s session low, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Wed, Oct 1
USD/JPY hits six-week lows sub 147.00 as of BoJ tightening bets rise
The US Dollar is heading lower for the fourth consecutive day against the Japanese Yen on Wednesday, testing six-week lows near the 147.00 level, hammered by a combination of market concerns about the US government closure and a hawkishly tilted Bank of Japan’s monetary policy minutes.The BoJ’s Summ
Fxstreet
Wed, Oct 1
FOREX-Dollar eases to week low as US government shutdown raises uncertainty
US government funding expired at 0400 GMT on WednesdayShutdown may delay key monthly jobs reportYen gets biggest boostBy Amanda Cooper LONDON, Oct 1 (Reuters) - The dollar skimmed one-week lows against major currencies on Wednesday as a U.S. government shutdown unsettled markets and threatened to...Reuters
Wed, Oct 1
AUD/USD trades firmly above 0.6600 on US government shutdown
The AUD/USD pair holds onto gains near 0.6620 during the European trading session on Wednesday. The Aussie pair demonstrates strength as the US Dollar (USD) continues to face selling pressure, with Washington entering a shutdown.
Fxstreet
Wed, Oct 1
NZD/USD: Likely to consolidate within a range of 0.5775/0.5810 – UOB Group
New Zealand Dollar (NZD) is likely to consolidate within a range of 0.5775/0.5810. In the longer run, unless there is a meaningful decline soon, a break above 0.5815 would suggest NZD has moved into a range-trading phase, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Wed, Oct 1
AUD/USD: Likely to consolidate between 0.6590 and 0.6630 – UOB Group
Instead of continuing to advance, Australian Dollar (AUD) is more likely to consolidate between 0.6590 and 0.6630. In the longer run, AUD is neutral now, and it is likely to trade between 0.6545 and 0.6655 for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Wed, Oct 1
RPT-COLUMN-If AI is a bubble, the economy will pop with it: Mike Dolan
By Mike Dolan LONDON, Oct 1 (Reuters) - The old truism that the stock market is not the economy risks underplaying how much today's powerful investment trends could impact the prosperity and lives of the whole country.Artificial intelligence is obviously the megatrend of the moment. Scale is ...Reuters
Wed, Oct 1
Ghana ban on foreign investments for pension funds is counterproductive, funds say
Fund managers say ban limits their ability to manage risksGovernment looking to restart the local debt markets Ghana's currency one of Africa's best performers this yearBy Emmanuel Bruce ACCRA, Oct 1 (Reuters) - Ghana's ban on its pension funds from offshore investments is curtailing ...Reuters
Wed, Oct 1
Sterling edges up, dollar hobbled by US shutdown
By Amanda Cooper LONDON, Oct 1 (Reuters) - The pound rose against the dollar on Wednesday, as the U.S. currency came under broad pressure after the government in Washington DC shut down over funding to add to investor caution around U.S. assets.The shutdown carries the risk of delaying key econom...Reuters
Wed, Oct 1
EMERGING MARKETS-EM stocks open quarter on firm footing as investors see beyond US shutdown
EM stocks up 0.45%, FX steady Polish PMI rises to 48.0 in September Hungary's PMI rises in SeptemberCzech factory activity shrinks for third month By Nikhil Sharma Oct 1 (Reuters) - Emerging market stocks kick-started the new quarter on a firm note on Wednesday, as investors looked past the ...Reuters
Wed, Oct 1
USD/CAD stays above 1.3900 due to lower Oil prices
USD/CAD moves sideways after registering gains in the previous session, hovering around 1.3920 at the time of writing during the European hours on Wednesday. The USD/CAD pair may appreciate as the commodity-linked Canadian Dollar (CAD) could face challenges amid declining Crude Oil prices.Fxstreet
Wed, Oct 1
ECB backs fewer bank buffers, simpler rules for small lenders, de Guindos says
FRANKFURT, Oct 1 (Reuters) - The European Central Bank will propose reducing the number of capital buffers that banks have to hold and introducing simpler rules for smaller lenders, the ECB's vice-president Luis de Guindos said on Wednesday.De Guindos is leading the ECB's efforts to ease rul...Reuters
Wed, Oct 1
