News
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USD/CHF dips as trade tensions escalate, Swiss growth forecasts dim
USD/CHF falls 0.20% on Thursday, trading around 0.7950 at the time of writing after hitting a two-week low of 0.7933 earlier in the day. The US Dollar (USD) remains under pressure as escalating US-China tensions continue to support demand for safe-haven assets such as the Swiss Franc (CHF).
Fxstreet
Thu, Oct 16
BOJ must tread carefully in normalising policy, central bank executive says
WASHINGTON, Oct 16 (Reuters) - The Bank of Japan must be very careful when normalising monetary policy due to uncertainty about how the economy would react to a new environment of positive interest rates, Seiichi Shimizu, the central bank's assistant governor, said on Thursday."If we are suf...Reuters
Thu, Oct 16
FOREX-Dollar falls against yen and euro with trade dispute, rate outlook in focus
China-US trade spat leaves dollar on back footDovish Fed signals weigh, but analysts cautious on rate dropFrance’s political crisis barely dents euroPolitical developments in Japan intrigue investorsBy Chibuike Oguh and Stefano Rebaudo NEW YORK, Oct 16 (Reuters) - The U.S. dollar was on track for...Reuters
Thu, Oct 16
USD/CAD steadies amid US-China trade tensions, markets await BoC Governor's speech
The Canadian Dollar (CAD) steadies against the US Dollar (USD) on Thursday as the Greenback remains under pressure amid escalating US-China trade tensions and growing expectations of further interest rate cuts by the Federal Reserve (Fed).
Fxstreet
Thu, Oct 16
AUD/USD dips below 0.6500 as unemployment rises, RBA rate-cut bets increase
AUD/USD declines by 0.38% on Thursday to trade around 0.6490 at the time of writing, back below the 0.6500 mark, weighed down by weaker-than-expected labor market data pointing to a slowdown in job demand in Australia.
Fxstreet
Thu, Oct 16
JPY underperforming on broader market tone – Scotiabank
The Japanese Yen (JPY) is soft, down 0.2% against the US Dollar (USD) and underperforming all of the G10 currencies in an environment of renewed risk appetite, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Oct 16
GBP is outperforming on stronger trade – Scotiabank
The Pound Sterling (GBP) is up 0.3% against the US Dollar (USD) and outperforming all of the G10 currencies as we head into Thursday’s NA session with gains driven by the release of stronger than expected domestic data, Scotiabank's Chief FX Strategists Shaun Osborne and Eric Theoret report.
Fxstreet
Thu, Oct 16
EUR/USD: Markets price in renewed political stability in France – Scotiabank
The Euro (EUR) is up a marginal 0.1% against the US Dollar (USD) and a mid-performer among the G10 currencies, quietly consolidating in the mid/upper-1.16s as market participants focus on political developments in France and the prospect of renewed stability, Scotiabank's Chief FX Strategists Shaun
Fxstreet
Thu, Oct 16
ANALYSIS-Why Europe can't face its pension black hole
French government latest to delay pension reformGovernments yielding to older votersMarket pressure often needed for reforms By Francesco Canepa FRANKFURT, Oct 16 (Reuters) - France's political standoff shows how European governments, caught between the demands of their ageing electorates and...Reuters
Thu, Oct 16
Flare-up in US-China trade tensions poses a big risk to Thailand's growth, deputy central bank governor says
By Karin Strohecker WASHINGTON, Oct 15 (Reuters) - The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand's economic growth, the country's deputy central bank governor said, adding there was little room left to lower rates furthe...Reuters
Thu, Oct 16
CORRECTED-Flare-up in US-China trade tensions poses a big risk to Thailand's growth - deputy central bank governor
By Karin Strohecker WASHINGTON, Oct 15 (Reuters) - The fresh flare-up in trade tensions between the United States and China is a big risk to the outlook for Thailand's economic growth, the country's deputy central bank governor said, adding there was little room left to lower rates furthe...Reuters
Thu, Oct 16
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
