News
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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
US Treasury's Bessent calls for 'sound' monetary policy in Japan
Bessent calls on BOJ to anchor inflation expectationsSays Japan's economy different from when Abenomics deployedRemarks echo Bessent's past calls for higher BOJ ratesJapan's Katayama says Bessent wasn't prodding BOJ to hike ratesMarkets expect BOJ to keep rates steady this weekBy Lei...Reuters
Tue, Oct 28
Russia's Nabiullina says there is significant scope for a rate cut if inflation returns to target.
MOSCOW, Oct 28 (Reuters) - Russian Central Bank Governor Elvira Nabiullina said on Tuesday that with inflation returning steadily to the 4% target, there is significant room for a key rate cut.Inflation expectations in the coming months may remain high due to the increase in value added tax (VAT) an...Reuters
Tue, Oct 28
FOREX-Dollar slips as traders brace for Trump-Xi, central bank meetings
Investors await Trump-Xi meeting amid trade talk hopesBOJ, Fed, ECB policy meetings scheduled this weekYen firms as Trump-Takaichi meet, investors weigh Bessent comments Fed rate cut priced in, focus on future easing pathBy Ankur Banerjee SINGAPORE, Oct 28 (Reuters) - The dollar was weaker on Tue...Reuters
Tue, Oct 28
GBP/JPY slides below 203.00 as JPY gains strong traction on intervention speculation
The GBP/JPY cross attracts some selling during the Asian session on Tuesday and for now, seems to have snapped a three-day winning streak to the 204.25 region, or a nearly three-week high touched the previous day.
Fxstreet
Tue, Oct 28
USD/INR rises further Indian Rupee weakens on rising oil price
The Indian Rupee (INR) extends its downside against the US Dollar (USD) at open on Tuesday. The USD/INR jumps to near 88.60 as the Indian Rupee underperforms due to a recovery move in the Oil price seen in the past week.Fxstreet
Tue, Oct 28
GBP/USD gathers strength above 1.3350 on Fed rate cut hopes
The GBP/USD pair gains ground to near 1.3365 during the early European session on Tuesday. The US Dollar (USD) weakens against the Pound Sterling (GBP) amid the expectation that the Federal Reserve (Fed) will cut interest rates in the monetary policy announcement on Wednesday.Fxstreet
Tue, Oct 28
EUR/USD extends winning streak as US Dollar falls further ahead of Fed’s monetary policy
The EUR/USD extends its winning streak for the fifth trading day on Tuesday. The major currency pair posts a fresh weekly high near 1.1670 as the US Dollar (USD) underperforms its peers ahead of the monetary policy announcement by the Federal Reserve (Fed) on Wednesday.
Fxstreet
Tue, Oct 28
USD/CHF holds losses below 0.7950 due to diminished odds of SNB’s policy easing
USD/CHF loses ground for the fourth successive session, trading around 0.7940 during the Asian hours on Tuesday. The pair faces challenges as the Swiss Franc (CHF) strengthened on decreasing expectations of further policy easing by the Swiss National Bank (SNB).
Fxstreet
Tue, Oct 28
NZD/USD climbs to three-week high, eyes 0.5800 amid trade optimism and softer USD
The NZD/USD pair prolongs its recent recovery move from the 0.5685-0.5680 region, or the lowest level since April, touched last week, and climbs to a nearly three-week high during the Asian session on Tuesday.
Fxstreet
Tue, Oct 28
Bessent highlighted need for 'sound' monetary policy in Japan talks
TOKYO, Oct 28 (Reuters) - U.S. Treasury Secretary Scott Bessent highlighted the important role of "sound monetary policy formulation" in his meeting with his Japanese counterpart Satsuki Katayama on Monday, the U.S. Treasury Department said in a statement."During their discussions, Secre...Reuters
Tue, Oct 28
USD/CAD remains below 1.4000 amid dovish tone surrounding Fed decision
USD/CAD extends its losses for the second consecutive day, trading around 1.3990 during the Asian hours on Tuesday. The pair depreciates as the US Dollar (USD) faces challenges due to the increased likelihood of a rate cut by the US Federal Reserve (Fed) on Wednesday.
Fxstreet
Tue, Oct 28
Australia, NZ dollars steady on trade optimism; RBA still cautious on rates
By Wayne Cole SYDNEY, Oct 28 (Reuters) - The Australian and New Zealand dollars held firm on Tuesday as signs of progress in global trade negotiations supported risk sentiment, while growing scepticism about an imminent near-term rate cut lifted Aussie bond yields.Markets were forced to scale bac...Reuters
Tue, Oct 28
Australian Dollar gains as RBA rate cut bets decrease following Bullock’s remarks
The Australian Dollar (AUD) edges higher against the US Dollar (USD) on Tuesday for the second successive session. The AUD/USD pair gained ground due to decreasing rate cut bets by the Reserve Bank of Australia (RBA).
Fxstreet
Tue, Oct 28
FOREX-Dollar soft as traders brace for Trump-Xi, central bank meetings
Investors await Trump-Xi meeting amid trade talk hopesCurrencies subdued ahead of BOJ, Fed, ECB policy meetingsFed rate-cut priced in, focus on future rate-cut pathBy Ankur Banerjee SINGAPORE, Oct 28 (Reuters) - The dollar was weaker on Tuesday ahead of a slate of central bank meetings that will ...Reuters
Tue, Oct 28
