News
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CAD little changed ahead of expected rebound in Retail Sales – Scotiabank
The Canadian Dollar (CAD) is little changed on the session but a flat performance versus the US Dollar (USD) means it is sustaining gains through the 1.40 level for the first time in 10 or so days, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Oct 23
EUR/JPY advances as Yen falters on fiscal concerns, Eurozone yield gap
EUR/JPY rises on Thursday to around 177.00 at the time of writing, up 0.30% for the day. The cross is rebounding amid broad weakness in the Japanese Yen (JPY), as concerns over Japan’s public finances weigh on the currency.
Fxstreet
Thu, Oct 23
EUR/GBP extends gains as BoE dovish tone and fiscal concerns weigh on Sterling
The Euro (EUR) edges higher against the British Pound (GBP) on Thursday, with EUR/GBP extending gains for the second straight day in subdued trading after Bank of England (BoE) policymaker Swati Dhingra struck a dovish note.
Fxstreet
Thu, Oct 23
Turkey cenbank slows easing with 100-point cut, flags inflation risk
Interest rate cut in line with expectationsSize of rate cuts has slowed since 300 bp cut in JulyUnderlying inflation trend rose in September, bank saysPolicy rate seen declining to 37.5% by end-2025By Daren Butler and Ece Toksabay ISTANBUL, Oct 23 (Reuters) - Turkey's central bank slowed its ...Reuters
Thu, Oct 23
FOREX-Yen slides, dollar gains broadly ahead of CPI data
Yen slips to one-week low as traders watch for Japan stimulus detailsSterling steadies day after inflation data buoys bets for rate cutOil price rise boosts Norwegian crown By Kevin Buckland and Alun John LONDON/TOKYO, Oct 23 (Reuters) - The dollar drifted higher against most peers, particularly ...Reuters
Thu, Oct 23
Milei seeks to win back disenchanted voters in Argentina's midterms
Milei faces opposition from Peronists amid corruption scandals and economic challengesUS support for Milei includes $20 billion stabilization agreement and potential bank facilityWinning more than 35% of the vote would be positive for Milei's La Libertad Avanza, analysts say By Nicolás Misculin ...Reuters
Thu, Oct 23
Sterling steadies after soft inflation-driven fall
LONDON, Oct 23 (Reuters) - The pound steadied on Thursday having tumbled the day before after cooler-than-expected British inflation data caused traders to bring forward expectations on Bank of England rate cuts. Versus the dollar, sterling was last down 0.13% on the day at $1.3339 GBP= having dropp...Reuters
Thu, Oct 23
GBP/JPY Price Forecast: Pound crawls towards 204.00 on Yen weakness
The British Pound is has reverted to Wednesday’s pullback and trades at the upper range of the 203.00s, as news that the new Japanese government should be preparing a large stimulus program is hammering the Yen on Thursday.Reuters has reported, citing a government document, that Prime Minister Takai
Fxstreet
Thu, Oct 23
INDIA RUPEE-Rupee stuck in narrow range as equity inflows, dollar selling clash with importer hedging
By Dharamraj Dhutia MUMBAI, Oct 23 (Reuters) - The rupee struggled for direction on Thursday, stuck in a narrow range before ending marginally higher, as inflows into local shares and dollar-selling by state-run banks offset importer demand for the U.S. currency for hedging.The rupee INR=IN had o...Reuters
Thu, Oct 23
NZD/USD: Likely to trade in a range of 0.5725/0.5755 – UOB Group
New Zealand Dollar (NZD) is likely to trade in a range of 0.5725/0.5755. In the longer run, outlook for NZD remains neutral, but a narrower range of 0.5700/0.5770 is likely enough to contain the price movements for now, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 23
Italian luxury group Zegna's Q3 revenue inches up on DTC growth
OverviewErmenegildo Zegna Q3 2025 revenue rose 0.2% YoY, driven by DTC growthCompany's DTC channel grew 4.5% YoY, offsetting wholesale declineAmericas region led growth with 8.2% YoY revenue increase in Q3OutlookCompany expects challenging environment due to uncertainties in demand and currency ...Reuters
Thu, Oct 23
AUD/USD: Expected to trade in a sideways range of 0.6445/0.6555 – UOB Group
Australian Dollar (AUD) is likely to trade in a range between 0.6475 and 0.6510. In the longer run, for the time being, AUD is expected to trade in a sideways range of 0.6445/0.6555, UOB Group's FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 23
Swiss National Bank comfortable with inflation outlook, minutes show
By John Revill ZURICH, Oct 23 (Reuters) - The Swiss National Bank saw no need to lower interest rates at its last monetary policy decision, according to minutes published on Thursday, although it raised concerns about the risk of U.S. tariffs extending to the pharmaceutical industry. The SNB k...Reuters
Thu, Oct 23
RPT-ROI-Europe's economy caught in 100-mph trade winds: Mike Dolan
By Mike Dolan LONDON, Oct 23 (Reuters) - Europe's economy is walking a precarious tightrope between geopolitics and global economic power plays, which will either force it to diversify its trade and become more self-reliant or get toppled by ferocious crosswinds.The European Union has chosen ...Reuters
Thu, Oct 23
CEE MARKETS-FX rattled by Russian sanctions, zloty falls from perch
WARSAW, Oct 23 (Reuters) - Poland's zloty retreated from a more than six-month high and other central European currencies fell on Thursday, as investors paused to assess the impact of new western sanctions on Russia.Emerging market assets weakened on Thursday after the U.S. and the European Unio...Reuters
Thu, Oct 23
