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USD/JPY plummets to near 152.00 on improving US-Japan trade relations
The USD/JPY pair plunges 0.6% to near 152.00 during the European trading session on Tuesday. The pair faces intense selling pressure as the Japanese Yen (JPY) outperforms its peers on improving trade relations between the United States (US) and Japan.
Fxstreet
Tue, Oct 28
AUD/USD steadies as RBA rate cut expectations fade, Fed decision looms
AUD/USD steadies around 0.6560 on Monday at the time of writing, after reaching a three-week high at 0.6564 earlier in the day. The Australian Dollar (AUD) retains part of its recent gains, supported by reduced expectations of an interest rate cut from the Reserve Bank of Australia (RBA).
Fxstreet
Tue, Oct 28
ROI-End of Fed QT may offer Treasury convenient buffer: Mike Dolan
By Mike Dolan LONDON, Oct 28 (Reuters) - Deciphering the Federal Reserve's money market system usually gives a headache to anyone outside of that world. But a possible end this week to the Fed's "quantitative tightening" policy may offer a boon to government and shouldn't be d...Reuters
Tue, Oct 28
AUD/USD: Expected to edge higher to 0.6575 – UOB Group
Australian Dollar (AUD) is expected to edge higher to 0.6575; the next resistance at 0.6595 is not expected to come under threat. In the longer run, AUD could edge higher to 0.6575, with lesser odds of reaching 0.6595, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.Fxstreet
Tue, Oct 28
GBP/USD: Likelihood of a continued decline below 1.3295 is diminishing – UOB Group
Pound Sterling (GBP) could trade in a range of 1.3320/1.3370. In the longer run, downward momentum is starting to slow, and the likelihood of a continued decline below 1.3295 is diminishing, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Tue, Oct 28
Industrial coatings provider Axalta's Q3 net sales miss estimates, adjusted EPS beats
OverviewAxalta Q3 net sales fell 2% yr/yr, missing analyst expectationsAdjusted EPS for Q3 sets record, beats consensus expectationsCompany executed $100 mln in share repurchases during Q3OutlookAxalta projects Q4 net sales growth in mid single-digit percentageAxalta expects FY 2025 net sales to exc...Reuters
Tue, Oct 28
Russia's Nabiullina says there is significant room rate cuts for next year
Central bank chief: room to cut rates next yearNabiullina: cutting prematurely would hurt economyPrice growth will return to target in second half of 2026Inflation expectations stubbornly high, Nabiullina says By Elena Fabrichnaya MOSCOW, Oct 28 (Reuters) - Russian central bank Governor Elvira Na...Reuters
Tue, Oct 28
EUR: Focus on the Ifo index – ING
One might have thought EUR/USD would be performing a little better given the global risk environment. A US-China trade truce would be welcome news for global trade, allowing for some nascent optimism in business sentiment to extend, ING's FX analyst Chris Turner notes.Fxstreet
Tue, Oct 28
USD/CAD Price Forecast: Holds 20-day EMA ahead of BoC-Fed policy announcement
The USD/CAD pair trades marginally higher to near 1.4000 during the European trading session on Tuesday. The Loonie pair ticks up even as the US Dollar (USD) faces selling pressure, indicating significant weakness in the Canadian Dollar (CAD).
Fxstreet
Tue, Oct 28
EUR/JPY Price Forecast: Targets 177.00 support near nine-day EMA
EUR/JPY halts its five-day winning streak, trading around 177.20 during the European hours on Tuesday. The technical analysis of the daily chart indicates the prevailing bullish bias as the currency cross moves within the ascending channel pattern.
Fxstreet
Tue, Oct 28
Pound Sterling outperforms on risk-on market sentiment
The Pound Sterling (GBP) trades higher against its major currency peers, except second-level safe-haven ones, on Tuesday. The British currency gains as global market sentiment has improved due to growing expectations that the United States (US) and China will reach a trade deal soon.Fxstreet
Tue, Oct 28
