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AUD/USD: RBA opts for unchanged – Commerzbank
As expected, the Reserve Bank of Australia left its Cash Rate unchanged this morning at 3.6%. Until recently, most economists, including myself, had expected a cut in November. However, last week's inflation figures showed that the inflation problem is more serious than expected.
Fxstreet
Tue, Nov 4
Sterling dips after Reeves makes rare pre-budget speech
By Amanda Cooper and Dhara RanasingheLONDON, Nov 4 (Reuters) - The pound and gilt yields fell on Tuesday after finance minister Rachel Reeves reiterated her commitment to sticking to her fiscal rules in her budget this month, ahead of one of the most uncertain Bank of England rate decisions in some ...Reuters
Tue, Nov 4
UK Chancellor Reeves: Will focus on lowering inflation in budget
United Kingdom (UK) Chancellor of the Exchequer Rachel Reeves expresses concerns during the European trading session over the rising cost of borrowing. Reeves added that progress in inflation towards normalization has remained slow.Fxstreet
Tue, Nov 4
USD/CAD Price Forecast: Tests seven-month highs near 1.4100
USD/CAD extends its gains for the fourth successive session, trading around 1.4060 during the European hours on Tuesday. The technical analysis of the daily chart indicates a prevailing bullish bias, with the pair moving upwards within the ascending channel pattern.
Fxstreet
Tue, Nov 4
Swiss National Bank's Tschudin says current interest rates are appropriate
ZURICH, Nov 4 (Reuters) - Swiss interest rates are where the Swiss National Bank wants them to be, governing board member Petra Tschudin told Swiss broadcaster TeleZueri in an interview to be broadcast on Tuesday."We always use monetary policy in such a way that we can fulfil our mandate of ensu...Reuters
Tue, Nov 4
FOREX-Dollar stands tall at 3-month high as traders pare rate cut wagers
Aussie wobbles after RBA stands pat, warns on inflationDivided Fed in absence of data spurs easing rate-cut bets Yen frail near 154/dollar, investors wary of intervention risks Euro at three-month low, pound near five-month low By Ankur Banerjee SINGAPORE, Nov 4 (Reuters) - The dollar hovered nea...Reuters
Tue, Nov 4
Japan yet to achieve durable, wage-driven inflation, PM Takaichi says
Takaichi says hopes BOJ guides policy to stably hit price goalGovt will 'strategically' deploy spending to prop up economyRemarks may affect BOJ's decision on how soon to raise ratesGovernor Ueda scheduled to speak in Nagoya on December 1BOJ's next policy meeting on December 18-19By ...Reuters
Tue, Nov 4
USD/INR declines on possible RBI’s intervention into local spot market
The Indian Rupee (INR) jumps to near 88.50 in the opening session against the US Dollar (USD) on Tuesday. The USD/INR pair faces a sharp selling pressure as the Indian Rupee strengthens on hopes that the Reserve Bank of India (RBI) has intervened in the currency market to support the Indian Rupee.Fxstreet
Tue, Nov 4
Australia's central bank holds rates steady, might be done easing
RBA cautious on easing due to inflation revivalGovernor Bullock says possible no more rate cutsMarket sees low chance of rate cut before May 2026By Stella Qiu and Wayne Cole SYDNEY, Nov 4 (Reuters) - Australia's central bank on Tuesday left its cash rate steady as expected at 3.60%, saying it...Reuters
Tue, Nov 4
AUD/JPY faces selling pressure as RBA keeps interest rates steady at 3.6%, as expected
The AUD/JPY pair slumps to near 100.40 during the Asian trading session on Tuesday as the Reserve Bank of Australia (RBA) has held its Official Cash Rate (OCR) steady at 3.6%. This is the second straight meeting when the RBA has maintained a status quo.
Fxstreet
Tue, Nov 4
USD/CHF climbs to over two-month high; bulls await move beyond 0.8100 amid firmer USD
The USD/CHF pair attracts buyers for the fifth consecutive day and climbs to its highest level since August 22 during the Asian session on Tuesday. The momentum lifts spot prices to the 0.8100 neighborhood and is sponsored by sustained US Dollar (USD) buying.
Fxstreet
Tue, Nov 4
Japan yet to sustainably hit BOJ's price target, PM Takaichi says
TOKYO, Nov 4 (Reuters) - Japanese Prime Minister Sanae Takaichi said on Tuesday the country has yet to sustainably achieve the central bank's 2% inflation target accompanied by wage gains."I hope the Bank of Japan conducts appropriate monetary policy towards sustainably and stably achieving ...Reuters
Tue, Nov 4
