News
Important Only
USD/CAD crawls above 1.4000 favoured by a hawkish Fed, risk-off markets
The US Dollar trades higher against its Canadian counterpart for the second consecutive day on Friday, returning to levels right above the 1.4000 psychological level to retrace losses from previous days, and trading practically flat on the weekly chart.
Fxstreet
Fri, Oct 31
AUD/USD: Major support at 0.6505 is not expected to come under threat – UOB Group
There is scope for Australian Dollar (AUD) to test 0.6530; the major support at 0.6505 is not expected to come under threat. In the longer run, AUD is likely to trade in a range between 0.6505 and 0.6610, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Fri, Oct 31
TRY: Expectations show inflation risk is elevated – Commerzbank
There are risks associated with continued rate cuts from the Turkish central bank (CBT) against a background of re-accelerating inflation expectations. Household inflation expectations once again recorded an acceleration, with the 12-month forward expectation accelerating to 54.4% in October.
Fxstreet
Fri, Oct 31
GBP: A surprise Reeves resignation would be bad for markets – ING
Markets have largely priced in Chancellor Reeves’ expected mix of tax hikes and fiscal restraint, pushing gilt yields and the pound lower. While political noise around her rental license lapse briefly weighed on sentiment, PM Starmer’s backing eased concerns.
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 ...Reuters
Fri, Oct 31
NZD/USD dives further, nears 0.5700 on weak Chinese data, risk aversion
The New Zealand Dollar (NZD) is trading lower for the third consecutive day on Friday, trading at 1.1720 at the time of writing and on track for a 0.45% weekly decline, after having been rejected at 0.5800 earlier in the week.Fxstreet
Fri, Oct 31
