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UK's Reeves says she would like a bigger fiscal buffer but that means trade-offs
Reeves set to deliver budget on November 26Expected to raise taxes, cut spending to improve financesLooking at ways to hold only one fiscal event per yearBy David Milliken WASHINGTON, Oct 16 (Reuters) - British finance minister Rachel Reeves said on Thursday she would like to have a bigger fiscal...Reuters
Thu, Oct 16
RPT-Gold smuggling surges in India as price spikes before festivals
By Rajendra Jadhav MUMBAI, Oct 16 (Reuters) - Gold smuggling into India has spiked ahead of key festivals, government and industry officials told Reuters, in response to record-high prices and a supply crunch.Smuggling of gold into the world's second biggest buyer of the precious metal had fa...Reuters
Thu, Oct 16
FX reserve managers react to, not drive dollar moves, StanChart says
By Yoruk Bahceli LONDON, Oct 16 (Reuters) - Reserve managers tend to buy the dollar when it weakens and sell when it rises, suggesting they might play a lesser role in driving the greenback than private investors, Standard Chartered said in a note on Thursday.Demand from central banks managing tr...Reuters
Thu, Oct 16
UK's Reeves says she would like a bigger fiscal buffer but that means trade-offs
WASHINGTON, Oct 16 (Reuters) - British finance minister Rachel Reeves said on Thursday she would like to have a bigger fiscal buffer to cope with volatile global markets, but that creating one in her budget next month would involve trade-offs on tax and spending."Would I like more headroom? Of c...Reuters
Thu, Oct 16
USD/JPY might decline toward 150.20 – UOB Group
Bias remains on the downside, and USD could decline toward 150.20. In the longer run, the current price movements are likely the early stages of a 149.50/153.00 range-trading phase, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 16
NZD/USD: Likely to range-trade between 0.5700 and 0.5740 – UOB Group
New Zealand Dollar (NZD) is likely to range-trade between 0.5700 and 0.5740. In the longer run, there is a chance for NZD to test 0.5660 before the risk of a stronger recovery increases, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 16
AUD/USD: Likely to range-trade between 0.6480 and 0.6530 – UOB Group
Australian Dollar (AUD) is likely to range-trade between 0.6480 and 0.6530. Further declines in AUD still appear likely; the next level to watch is 0.6440, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 16
USD/JPY Price Forecast: Dollar recovery stalls below 151.40
The US Dollar is showing a moderate recovery from Wednesday’s lows at 150.50 area against the Japanese Yen, USD bulls, however, have failed to find any significant acceptance above 151.40, which leaves the near-term bearish trend intact.The Dollar is struggling to regain lost ground against traditioFxstreet
Thu, Oct 16
GBP/USD: Chance for GBP to test 1.3445 – UOB Group
There is a chance for Pound Sterling (GBP) to test 1.3445; the major resistance at 1.3475 is unlikely to come into view. In the longer run, GBP is likely to range-trade within a range of 1.3320/1.3475, UOB Group’s FX analysts Quek Ser Leang and Peter Chia note.
Fxstreet
Thu, Oct 16
Gold smuggling surges in India as price spikes before festivals
By Rajendra Jadhav MUMBAI, Oct 16 (Reuters) - Gold smuggling into India has spiked ahead of key festivals, government and industry officials told Reuters, in response to record-high prices and a supply crunch.Smuggling of gold into the world's second biggest buyer of the precious metal had fa...Reuters
Thu, Oct 16
EUR/JPY gains as Yen softens on risk sentiment, Euro steadies ahead of ECB speeches
EUR/JPY trades higher around 176.30, up 0.20% for the day on Thursday at the time of writing, as a modest rebound in risk appetite limits demand for the Japanese Yen (JPY), while the pair benefits from a mild recovery in the Euro (EUR).
Fxstreet
Thu, Oct 16
USD/CHF remains capped below 0.7975 with the US Dollar on the defensive
The US Dollar bounced up from two-week lows near 0.7930 against the Swiss Franc earlier on Thursday, although upside attempts remain limited below the 0.7975-0.7980 area, as the escalating tensions between the US and China keep weighing on the US Dollar.US President Trump added fuel to the fire in a
Fxstreet
Thu, Oct 16
COLUMN-Fed and US banks seem to be in different worlds: Mike Dolan
By Mike Dolan LONDON, Oct 16 (Reuters) - The Federal Reserve and U.S. banks appear to be operating in parallel universes. One sees tightening liquidity and the other seems awash with it.In an already puzzling year with multiple disconnects between seismic U.S. economic policy changes and the reac...Reuters
Thu, Oct 16
Sterling hits highest in over a week vs dollar, monetary policy in focus
By Stefano Rebaudo Oct 16 (Reuters) - Sterling climbed on Thursday to its highest level in more than a week against the dollar, as expectations for a more dovish Federal Reserve outweighed concerns about the UK economy and next month’s budget.Meanwhile, growing optimism in France that Prime Minis...Reuters
Thu, Oct 16
Ignoring Tokyo Turmoil, "Most Hawkish" BOJ Official Stands Firm on Rate Hike Path
TradingKey - Amid a wave of political upheaval in Japan that has disrupted the Bank of Japan’s (BOJ) rate hike momentum, Naoki Tamura, one of the central bank’s most hawkish board members, is holding firm on his call for continued tightening. He warns that yen weakness risks fueling inflation, andUK lenders expect demand for mortgage and consumer credit to flatten
LONDON, Oct 16 (Reuters) - British lenders expect to see unchanged demand for mortgages in the last three months of 2025, according to a Bank of England survey published on Thursday that added to other signs of a cooling of the housing market.The BoE's quarterly Credit Conditions Survey showed l...Reuters
Thu, Oct 16
AUD/JPY climbs toward 98.50 as the Australian Dollar rebounds on foreign inflows
AUD/JPY trades around 98.40 during the European hours on Thursday, after recovering its daily losses. The pair strengthens as the Australian Dollar (AUD) rebounds on prospects of foreign inflows, with gains in financial, real estate, and Gold stocks.
Fxstreet
Thu, Oct 16
