News
Important Only
Emerging market sovereign debt issuance sails past COVID-era record
By Marc Jones LONDON, Oct 31 (Reuters) - This year's strong revival in investor appetite for emerging markets plus some mega debt sales in Mexico and Saudi Arabia has now seen annual EM sovereign debt issuance sail past its previous COVID-era peak to a new record high.More than $5 billion of ...Reuters
Fri, Oct 31
USD/JPY Price Forecast: Uptrend shows fatigue as RSI divergence hints at short-term pullback
The Japanese Yen (JPY) steadies against the US Dollar (USD) on Friday, with USD/JPY pausing its two-day winning streak despite the Greenback’s broader strength, as renewed verbal warnings from Japanese officials revive intervention concerns.
Fxstreet
Fri, Oct 31
FOREX-Yen faces worst monthly drop since July as BOJ disappoints
BOJ maintains rates, disappoints traders hoping for hawkish stanceFed dampens expectations for December rate cut, dollar gainsEuro and sterling fall as ECB and BOE maintain ratesBy Karen Brettell NEW YORK, Oct 31 (Reuters) - The Japanese yen was heading for a monthly loss against the U.S. dollar ...Reuters
Fri, Oct 31
EMERGING MARKETS-LatAm assets set to end volatile month with modest gains
Brazil's stock benchmark on track for monthly gainArgentine equities gain sharply, peso extends lossesAnalysts warn of complex backdrop aheadBy Niket Nishant Oct 31 (Reuters) - Latin American stocks and currencies were set to eke out slim gains for the month on Friday as post-election optimi...Reuters
Fri, Oct 31
FOREX-Yen faces worst monthly drop since July as BOJ disappoints
BOJ maintains rates, disappoints traders hoping for hawkish stanceFed dampens expectations for December rate cut, dollar gainsEuro and sterling fall as ECB and BOE maintain ratesBy Karen Brettell NEW YORK, Oct 31 (Reuters) - The Japanese yen was heading for a monthly loss against the U.S. dollar ...Reuters
Fri, Oct 31
Canadian Dollar weakens as Fed’s cautious tone boosts US Dollar demand
The Canadian Dollar (CAD) remains under pressure against the US Dollar (USD) on Friday, weighed down by renewed demand for the Greenback after the Federal Reserve’s (Fed) cautious guidance tempered expectations of another rate cut this year.
Fxstreet
Fri, Oct 31
Canada's GDP contracts in August, might avoid a recession in third quarter
August GDP drops by 0.3%, September growth likely to be 0.1%Both services and goods sectors contracted, StatsCan saidAnnualized Q3 growth likely 0.4%, following 1.6% drop in Q2 By Promit MukherjeeOTTAWA, Oct 31 (Reuters) - Canada's GDP contracted in August against a consensus estimate of flat g...Reuters
Fri, Oct 31
CAD remains soft on wider US/Canada spreads – Scotiabank
The Canadian Dollar (CAD) is little changed in quiet trade. Weak Asian stocks and soft European markets reflect a somewhat cautious undertone to risk sentiment, despite some gains in US equity futures, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.Fxstreet
Fri, Oct 31
EUR/CHF holds near two-week highs as Swiss Franc weakens on fading safe-haven demand
The Euro (EUR) trades on the front foot against the Swiss Franc (CHF) on Friday as fading safe-haven demand keeps the Franc under pressure. At the time of writing, EUR/CHF is trading around 0.9287, holding firm near a two-week high as investors digest the latest Eurozone inflation figures.
Fxstreet
Fri, Oct 31
FOREX-Yen gets a boost from finance minister, pound wilts
U.S.-China trade deal, tech sector earnings cloud currency pathTokyo CPI hotter than expected at 2.8% Euro nudges higher after ECB holds interest ratesPound under pressure as worries over UK finances growBy Amanda Cooper LONDON, Oct 31 (Reuters) - The yen rose on Friday after Japan's new fina...Reuters
Fri, Oct 31
Pound heads for worst monthly performance since July
By Amanda Cooper LONDON, Oct 31 (Reuters) - The pound headed for its worst performance against the dollar since July on Friday, while also wallowing at 2-1/2-year lows against the euro, reflecting growing investor nervousness about the outlook for UK government finances. Sterling GBP=, which h...Reuters
Fri, Oct 31
USD/JPY might test 154.50 before a pullback can be expected – UOB Group
US Dollar (USD) could test 154.50 before a pullback can be expected. In the longer run, sharp increase in upward momentum could lead to further USD advance toward 154.90, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Oct 31
EUR/USD holds near 1.1540 after ECB stand pat – BBH
EUR/USD is range bound just above this month’s low around 1.1540. Next support is offered at 1.1500. As was widely expected, the ECB left the policy rate unchanged for a third consecutive meeting at 2.00% yesterday. The ECB also suggested the bar for more easing is high, BBH FX analysts report.Fxstreet
Fri, Oct 31
